Inflation occurred at the end of the Carter years and beginning of the Reagan years, inflation continued to drop after the Bush tax cuts. I am still waiting for you to explain to me how income tax revenue almost doubled after the Reagan 10-10-5% tax cuts? Ever hear of the misery index? Look it up and follow it by year.Kandahar;1059054686]Except there was, and it was quite high in 1981 and 1982. But hey, I'm sure your memory is a more reliable source than statistics.
Historical Inflation data from 1914 to the present
OMG. I already told you that you can pick ANY year, as long as it's in CONSTANT dollars rather than CURRENT dollars. OK, I'm seriously done. It's obvious you haven't the faintest understanding of economics, and wear your ignorance as a badge of honor. So there really isn't any point in my trying to educate you.
You are absolutely correct, I ran a 200 million dollar business and retired in 2004 at the age of 57. I know absolutely nothing about how to run a business, inflation, productivity, personal behavior, or how to do research. Stop buying the BS you are being taught and get out into the real world. Fact is tax cuts grew govt. revenue and that wasn't due to inflation, it was due to people keeping more of what they earned, spending, saving, investing that money which helped create almost 20 million new taxpayers.
Before educating me, get some real life experience and educate yourself.