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    Editorial: Fed Chairman Paul Volcker's legacy: High inflation? What's that?

    by The Editorial Board, Chicago Tribune Dec 09, 2019 2 minutes

    Ever stop to contemplate how different life was before computers and smartphones? How inefficient and complicated those days seemed? Here's another thankfully distant memory: high inflation.

    Back in the 1970s that paycheck you earned began to dissolve in your fingers the moment you received it because prices constantly rose. Maybe you got a pay raise, but all it did was keep you from

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