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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (685832)11/22/2012 2:24:39 PM
From: Tenchusatsu1 Recommendation  Read Replies (2) of 1579484
 
CJ,
Which was perfectly predictable under Keynesian economics. And it was cured by using Keynesian economics principles.
No, and no.

Stagflation in the 70's was cured by a combination of high interest rates and a new era of supply-side economics ushered in by the Reagan administration.

Tenchusatsu
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