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To: Kazan
Because if consumers are working more and making more money, they are spending more.

If they're working more, they're producing more.

That's why inflation came down faster than expected after Reagan's recession ended. Output expanded faster than the money supply.

64 posted on 12/05/2024 10:08:43 PM PST by Toddsterpatriot (TANSTAAFL)
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To: Toddsterpatriot
Inflation came down in the '80s because the Federal Reserve raised interest rates to suck in money that was printed in the '70s.
65 posted on 12/06/2024 10:37:32 AM PST by Kazan
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