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Retired Teacher
Si, Si...indeedIrony: the smartest person, according to himself, misspelled the word "so" in his thread title.
Si how come you are a failure?
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evince
Truthmatters
https://en.m.wikipedia.org/wiki/Paul_Volcker
Paul Volcker got rid of stagflation
He was appointed by Carter
Paul Volcker got rid of stagflation
He was appointed by Carter
evince
Truthmatters
Carter resultingly sought a reassuring, qualified nominee who would confront inflation head-on, and nominated Paul Volcker to serve as chairman of the Board of Governors of the Federal Reserve System on July 25, 1979.[16][17] He was confirmed by the U.S. Senate on August 2, 1979, and took office on August 6, 1979.[18] President Ronald Reagan renominated Volcker to a second term in 1983.[19][20]
Inflation emerged as an economic and political challenge in the United States during the 1970s. The monetary policies of the Federal Reserve board, led by Volcker, were widely credited with curbing the rate of inflation and expectations that inflation would continue. US inflation, which peaked at 14.8 percent in March 1980, fell below 3 percent by 1983.[21][22] The Federal Reserve board led by Volcker raised the federal funds rate, which had averaged 11.2% in 1979, to a peak of 20% in June 1981. The prime rate rose to 21.5% in 1981 as well, which helped lead to the 1980–1982 recession,[23] in which the national unemployment rate rose to over 10%. Volcker's Federal Reserve board elicited the strongest political attacks and most widespread protests in the history of the Federal Reserve (unlike any protests experienced since 1922), due to the effects of high interest rates on the construction, farming, and industrial sectors, culminating in indebted farmers driving their tractors onto C Street NW in Washington, D.C. and blockading the Eccles Building.[24] US monetary policy eased in 1982, helping lead to a resumption of economic growth.
Inflation emerged as an economic and political challenge in the United States during the 1970s. The monetary policies of the Federal Reserve board, led by Volcker, were widely credited with curbing the rate of inflation and expectations that inflation would continue. US inflation, which peaked at 14.8 percent in March 1980, fell below 3 percent by 1983.[21][22] The Federal Reserve board led by Volcker raised the federal funds rate, which had averaged 11.2% in 1979, to a peak of 20% in June 1981. The prime rate rose to 21.5% in 1981 as well, which helped lead to the 1980–1982 recession,[23] in which the national unemployment rate rose to over 10%. Volcker's Federal Reserve board elicited the strongest political attacks and most widespread protests in the history of the Federal Reserve (unlike any protests experienced since 1922), due to the effects of high interest rates on the construction, farming, and industrial sectors, culminating in indebted farmers driving their tractors onto C Street NW in Washington, D.C. and blockading the Eccles Building.[24] US monetary policy eased in 1982, helping lead to a resumption of economic growth.
god you are such a retard
Dementia Joe is trying to win some elections. this means he is gonna give away free shit, not demand the fed raises interest rates to 20%
evince
Truthmatters
I didn’t say he would you fucking loser
Once again, you illustrate what a pompous presumptuous dumbass you are.
Although it is meaningless to a faceless liar like yourself, I am happily married to my beautiful slim Canadian High school love living in a fabulous pool home in a gated community in Florida with a home in Canada where she is from as well. We're not multi-millionaires but fit in the millionaire category. I'm happily retired and have no debt. We have no mortgage. We have a car here and in Canada. Both new and paid for.
So yes, life is damned good and I have few regrets. Any other moronic statements you would like to make to continue to remove any doubt what a dumb asshole you are?
evince
Truthmatters
https://en.m.wikipedia.org/wiki/Stagflation
Economists offer two principal explanations for why stagflation occurs. First, stagflation can result when the economy faces a supply shock, such as a rapid increase in the price of oil. An unfavourable situation like that tends to raise prices at the same time as it slows economic growth by making production more costly and less profitable.[7][8][9][10]
Second, the government can cause stagflation if it creates policies that harm industry while growing the money supply too quickly. These two things would probably have to occur simultaneously because policies that slow economic growth do not usually cause inflation, and policies that cause inflation do not usually slow economic growth.[citation needed]
Economists offer two principal explanations for why stagflation occurs. First, stagflation can result when the economy faces a supply shock, such as a rapid increase in the price of oil. An unfavourable situation like that tends to raise prices at the same time as it slows economic growth by making production more costly and less profitable.[7][8][9][10]
Second, the government can cause stagflation if it creates policies that harm industry while growing the money supply too quickly. These two things would probably have to occur simultaneously because policies that slow economic growth do not usually cause inflation, and policies that cause inflation do not usually slow economic growth.[citation needed]
There is no such thing as "Reaganomics" you brain dead moron. Using wikipedia makes you look even dumber.
evince
Truthmatters
Carter resultingly sought a reassuring, qualified nominee who would confront inflation head-on, and nominated Paul Volcker to serve as chairman of the Board of Governors of the Federal Reserve System on July 25, 1979.[16][17] He was confirmed by the U.S. Senate on August 2, 1979, and took office on August 6, 1979.[18] President Ronald Reagan renominated Volcker to a second term in 1983.[19][20]
Inflation emerged as an economic and political challenge in the United States during the 1970s. The monetary policies of the Federal Reserve board, led by Volcker, were widely credited with curbing the rate of inflation and expectations that inflation would continue. US inflation, which peaked at 14.8 percent in March 1980, fell below 3 percent by 1983.[21][22] The Federal Reserve board led by Volcker raised the federal funds rate, which had averaged 11.2% in 1979, to a peak of 20% in June 1981. The prime rate rose to 21.5% in 1981 as well, which helped lead to the 1980–1982 recession,[23] in which the national unemployment rate rose to over 10%. Volcker's Federal Reserve board elicited the strongest political attacks and most widespread protests in the history of the Federal Reserve (unlike any protests experienced since 1922), due to the effects of high interest rates on the construction, farming, and industrial sectors, culminating in indebted farmers driving their tractors onto C Street NW in Washington, D.C. and blockading the Eccles Building.[24] US monetary policy
your platform needs cheap money flowing. you are utterly full of shit. You can't allow interest to go that high, it craters everything democrats want to do
how in the fuck will anyone vote for all your bullshit if we stop monetizing the debt and make people pay for spending as it occurs?
Dumb uneducated hack thinks Carter and Biden are awesome.
evince
Truthmatters
In the resource scarcity scenario (Zinam 1982), stagflation results when economic growth is inhibited by a restricted supply of raw materials.[24][25] That is, when the actual or relative supply of basic materials (fossil fuels (energy), minerals, agricultural land in production, timber, etc.) decreases and/or cannot be increased fast enough in response to rising or continuing demand
evince
Truthmatters
https://en.m.wikipedia.org/wiki/1973_oil_crisis
The 1973 oil crisis or first oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries (OAPEC), led by Saudi Arabia, proclaimed an oil embargo. The embargo was targeted at nations that had supported Israel during the Yom Kippur War.[2] The initial nations targeted were Canada, Japan, the Netherlands, the United Kingdom and the United States, though the embargo also later extended to Portugal, Rhodesia and South Africa. By the end of the
October 19, 1973.
The 1973 oil crisis or first oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries (OAPEC), led by Saudi Arabia, proclaimed an oil embargo. The embargo was targeted at nations that had supported Israel during the Yom Kippur War.[2] The initial nations targeted were Canada, Japan, the Netherlands, the United Kingdom and the United States, though the embargo also later extended to Portugal, Rhodesia and South Africa. By the end of the
October 19, 1973.
You just described Biden's policies perfectly. Which is why we are in the disastrous economic mess we are in. But that wasn't enough. Biden is now complicating that by getting us close to a nuclear confrontation with Russia.
So for four years of Trump, leftist lied about how dangerous he was, but now, when there is someone actually threatening our very existence, the best leftist dumbasses like you can come up with is BUT TRUMP!
You'd do better to just STFU. We already know you're a dishonest mental case. You don't need to keep proving it over and over again.
evince
Truthmatters
evince
Truthmatters
The 1979 oil crisis, also known as the 1979 Oil Shock or Second Oil Crisis, was an energy crisis caused by a drop in oil production in the wake of the Iranian Revolution. Although the global oil supply only decreased by approximately four percent,[2] the oil markets' reaction raised the price of crude oil drastically over the next 12 months, more than doubling it to $39.50 per barrel ($248/m3). The sudden increase in price was connected with fuel shortages and long lines at gas stations similar to the 1973 oil crisis.[3]
evince
Truthmatters
Following Richard Nixon's imposition of wage and price controls on 15 August 1971, an initial wave of cost-push shocks in commodities were blamed for causing spiraling prices. The second major shock was the 1973 oil crisis, when the Organization of Petroleum Exporting Countries (OPEC) constrained the worldwide supply of oil.[26] Both events, combined with the overall energy shortage that characterised the 1970s, resulted in actual or relative scarcity of raw materials. The price controls resulted in shortages at the point of purchase, causing, for example, queues of consumers at fuelling stations and increased production costs for industry.[27]