Liberal Forum

RichClem » 07 Nov 2014 8:10 am » wrote: The inflation was caused by Fed easy money, and the stagnation was caused by Dems' regulations that restricted economic growth, high tax rates on "the rich" and automatic tax hikes via bracket creep.

Likely other reasons, too.

Oh, and oil profit caps, too.

Carter's and Dems' stupidity was legendary.

The root cause was the Fed. You know, the same bankers that have been propping up the stock market via qe∞ and saying inflation is not a concern. In the 70's the stock market lost 40% in 18 months. We should expect a similar correction.