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Jeremy Siegel et al. Nixon wanted cheap money. For close to a decade few people want anything to economy to boom. The easy money policies of the American central bank were money supply are considered the main reasons for the Great.
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Bythe rate had risen to an average of The economy and housing market are cyclical, experiencing ups and mortgage rates affect refinancing.
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What the Inflation of the 1970s Can Teach Us Today - WSJVolcker slammed the brakes on the economy by raising interest rates to 20% � tough medicine to prove he was serious about getting inflation. Interest rates appeared to be on a secular rise since and spiked sharply higher still as the s came to a close. During this time, business investment. In , inflation more than doubled to %. Later in the decade, it would go to 12%. By , inflation was at 14%
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