To: Interesting Times
If my recollection is correct, then John O'Niell forgot to mention that interest rates at one point under Carter were in the low 20% range! The economy tanked, and unemployment was off the charts.
To: raftguide
From the article:
By 1979, the U.S. economy was in shambles with 12% inflation, 11% unemployment, and vast deficits.
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