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Get used to higher interest rates
Today, Explained
The Recession and the Importance of Parenthood
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In the early 80s, interest rates were really high and that's in part because inflation was really high. The Federal Reserve of that era was doing its own version of hiking the cost of capital to try to bring inflation down. And I think in some ways it serves as a cautionary tale as we debate as a country when and if we should pause our current rate hiking cycle.
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