[Pelham]

I didn’t see your explanation of why the money growth during Carter didn’t grow the economy. Maybe you’re still working that out.

And you haven’t yet explained how the double digit interest rates during Reagan allowed the economy to grow rapidly. Your argument being that low interest rates are required in order for the economy to grow at all.

[central_va]

One more time for possible cranial penetration:

During the Carter years workers still had a lot of union political power to increase wages along with inflation. That threat is gone forever due to offshoring, out sourcing and unbridled immigration. Workers have zero power in the USA. IT IS NOT THE 1970's ANYMORE.