Support WBURThink Inflation Is Bad Now? Let's Take A Step Back To The 1970sPlay04:26Download AudioScott HorsleyMay 29, 2021 SharePresident Jimmy Carter signs emergency natural gas legislation in the Oval Office of the White House in Washington, D.C., on Feb. 2, 1977. An oil crisis contributed to a period of double-digit inflation in the 1970s. (AP)