Re: OT: Inflation in the US
- From: John Smith <assemblywizard@xxxxxxxxx>
- Date: Fri, 18 Jan 2008 12:48:59 -0800
MooseFET wrote:
...
That is an interesting claim. Carter raised the interest rates to
stop inflation. The result was a recession which lowered the standard
of living of the average american. Without the increase in rates,
inflation would have taken the standard of living down by more.
Carter was faced with two bad options and took the least bad.
What, you have a problem with the homeless being viewed as "just another resource" to use to influence "serf motivation?"
Regards,
JS
.
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