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Time Machine: Volcker Shock

Explain It to Me

00:00

Brone Regan's First Turn Rite

Ronall regan was governor of california. He runs against gerald ford in 19 76. Unemployment spikes to ten point eight %. And democrats clobber republicans in the 82 mit terms. But then we got four point sixper cent real g p growth in 19 83 and seven point two per cent in 84. So the economy gets really bad, under vulgar, but then it comes roaring back. It's not like the great recession where unemployment got high and then i like, inch down for a decade. It like we som back.

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