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Emergence of the Eurodollar System | The Snider Series | Episode 2 (WiM088)
The "What is Money?" Show
The Great Inflation
The conventional explanation of the great inflation was that the us. Government started running deficits in 19 65 to fight the viam war and to finance the great society. The federal reserve had to go along with those because it was still under an even keel policy, which meant nearly allan me melzer explanation,. Which is lefed was financing greater and greater deficits, which led to inflation. But this happened before anyone realized it, pretty much as this shift was occurring, but we didn't really understand the magnitude of it. And gradually, i guess, well, hindsight even to day.
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