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Politics : View from the Center and Left
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To: Steve Lokness who wrote (46611)1/23/2008 11:40:10 AM
From: KyrosL  Read Replies (1) of 542067
 
Reagan had nothing to do with fixing the interest rate problem. It was Paul Volcker of the Fed that raised interest rates mercilessly until he broke the inflation's back. On the other hand Reagan did preside over the largest peacetime explosion of public debt in American history.
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