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Time Machine: Volcker Shock

Explain It to Me

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The Biggest Economic Problem in the United States in the Seventies

Inflation was the biggest economic problem in people's lives at that period. No one thought this was a big enough problem to justify the things that paul volker did. Peoplew were living with very real material costs of inflation. And came to view it as the biggest problem in the country. If you look at it sort of poles of what people's priorities were.

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