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Will the Debt Crush Powell’s Volker Dreams?

The Breakdown

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Inflation in the US During the 1970s

Inflation since the 19 nineties has remained relatively in check, hovering around the two to three % level. Since we're no longer on the gold standard, the united states has virtually no check against the rate at which the money supply can be expanded. As the deficit grows, it simply issues more debt to fill in the gap between revenue, taxes and expenses,. entitlements, defense and miscellaneous. One problem, as interest rates rise, the cost of borrowing rises as well. Let's walk through wy. Shall we party like it's 19 80?

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