“The key is to pay attention to the Fed. Volcker put the Fed into inflation mode, and big-spending Reagan only helped the inflationary cause throughout the 80’s. Fast forward to 1987, and in comes ‘The Maestro’ Alan Greenspan as Fed Chairman. Within weeks of his taking over, the Greenspan Fed began tightening credit to stem the Volcker inflation that began with the Mexican bailout in 1982. Now, those who understand the Austrian Business Cycle Theory, know what happens once interest rates start to rise after a long period of double-digit monetary expansion. In 1987 it was a steep decline.”
http://www.economicpolicyjournal.com/2012/10/revisiting-87-crash.html
(Visited 35 times, 1 visits today)
Related posts:
Government Bribery and The War on Terror Militarized America’s Police
Competing currencies saved Zimbabwe from hyperinflationary collapse
Dear New Yorkers: Here's Why Your Rent Is So Ridiculously High
The hustlers and parasites who make up Washington's establishment
Paul Rosenberg: 'Production Versus Plunder', Part 6
Jacob Hornberger: The Real Criminals Under Our National-Security State System
“Affordable Housing” Rules Result in Opposite
Deadly ‘swatting’ hoaxes and the dangerous conditioning of cops
Champions of Dishonesty
Has your life been stolen from you by the IRS?
A Government Answerable to No One
Real ID Exposed: It Is Worse Than You Think
The State of Cryptocurrency Mining
Schedule 7 and the detention of David Miranda
6 Groups that Will Win Big From a War with Syria