18 Feb 2014 3:48 pm
In that one post you talk about the brink of recession and about stagflation.RichClem » 18 Feb 2014 3:42 pm » wrote:
Gosh, I hate to get in the way of your ignorance and psychosis again with actual reality.
How was stagflation broken? The Fed hiked interest rates to the point where borrowing was impossible for many segments of the economy, and the country fell into recession. It was necessary. It was started under Carter (through Volcker) and continued under Reagan.