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Politics : Formerly About Advanced Micro Devices

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To: longnshort who wrote (1062050)3/23/2018 10:09:31 AM
From: zzpat  Read Replies (1) of 1575761
 
Reagan promised to cut taxes when we had very high inflation. Inflation is caused by an over-stimulated economy. Tax cuts were 100% wrong so the Fed raised rates and threw the economy into a recession. Reagan was 100% wrong.He thought his tax cuts would increase supply and kill inflation. The opposite happened. The recession killed demand.
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