To: Kaslin
It didn’t happen, thanks to a Federal Reserve that, in the early 1980s, slammed on the brakes by raising interest rates and curbing monetary growth.
...
Inflation was put in check by Reagan’s policies of less government and more economic growth. All the Fed did was cause a nasty recession.
16 posted on
10/22/2015 9:15:50 AM PDT by
Moonman62
(The US has become a government with a country, rather than a country with a government.)
To: Moonman62
Inflation was put in check by Reagan’s policies of less government and more economic growth. All the Fed did was cause a nasty recession. Exactly, so many people keep getting this wrong. Thank you for making the same point I was going to post.
62 posted on
10/22/2015 6:40:21 PM PDT by
CutePuppy
(If you don't ask the right questions you may not get the right answers)
To: Moonman62
Ronald Reagan and Paul Volcker worked together to break the back of inflation. Volcker bringing monetary growth to a halt was part of coordinated strategy and it played a major role in ending inflation.
77 posted on
10/23/2015 8:35:03 AM PDT by
Pelham
(A refusal to deport is defacto amnesty)
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