- Joined
- Dec 9, 2009
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- Houston, TX
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- Conservative
Wow, you still don't get it, do you? When were you born, 1990?
Volcker, with Reagan's support, intentionally jacked up interest rates in order to curb inflation. The effect was to slam the brakes on the economy, forcing it into recession. Ultimately it was successful in staunching inflation and then they were able to lower rates.
My personal opinion, I just don't think you are nearly as smart as you think you are. I lived and worked during both and know which one was worse. I was born in 1946 for your information.