2min chapter

Mining Stock Education cover image

The Great Stagflation Is Here: Buy Gold & Commodities Explains Analyst Chris Temple

Mining Stock Education

CHAPTER

Volcker's Inflation Is a First Matter

Before the Fed became the enabler of all of this, they were not the enablers. When you go back at least to the early years of Volcker, he would not let the Congress and the president get away with deficit spending. Don't forget that when Jimmy Carter was president, everybody was wringing their hands about a $40 billion annual deficit. What was it by the time Reagan left office? Seven times that.

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