That’s a good point re: Reagan but the situation is worse now. 30 trillion reasons why. Also, no Paul Volcker on the horizon.
Can you imagine what 20% interest rates would do now....
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“Can you imagine what 20% interest rates would do now....”
It would bankrupt the USA, every corporation and every bank, at least.
That’s why we’ll see inflation continue to soar and accelerate until everything burns down.
Nobody knows how to get off this train.
Without a doubt, you’re right. We are indeed considerably worse off as a country compared to where we were two years into the Carter administration. In 1978, the WW2 generation, then in their mid-to-late 50s, was still essentially running the country. Who’s running thing now? Nearly ever major institution from government to media to business to churches to education is in the hands of woke, leftist idiots. It does seem like we’re truly screwed, but sometimes the darkest hour is right before dawn.