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the FED went to 20% 1980s to beat inflation
it worked in some respects, tho there were lay offs in the recession. then Jobs.
Comments
I don't care what they do I am not borrowing money, PERIOD.
We didn't have any inflation till the democrats started passing out free money
Ronald Reagan's face should be on Mt. Rushmore.
exaggerated to get tax cuts for millionaires etc
Hurt the oil and wine and the prices go up.
All you are going to get this time around is a new deal with conditions and one being that everything you get or make is going to be known by them and taxed in cashless society down to a garage sale or lemonade aid stand.
serf
DEMOCRAT and peanut farmer Jimmy Carter was POTUS and the current POTUS is leading the charge to resurrect the Carter economy.
Yeah I remember those times, my FIL who owned his own business was paying 22% interest on business line of credit.
We cannot forget that Trump started the passing out of free Covid money. Inflation does not start on day one.
Brad Steele
They are going to supply side economics!Tax the factories with price controls and lower interest rates to zero and increase the debt! That way we get the cake and eat it too! What could possibly go wrong other than a cashless society and giving up your rights and freedoms to big brother& company.
serf
Well since all of the banks pay .01% so there is no cash flow in the country... the govt is happy. Control
I still thank Trump for the government funding for my Maten build.