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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (613819)5/31/2011 2:36:15 PM
From: combjelly  Read Replies (2) | Respond to of 1576663
 
"The Keynesian derived idea was that we could trade off inflation for unemployment, and not just over the short run."

Not true, Tim. It was pretty widely known that to tame inflation we needed to raise interest rates and suffer unemployment. But no president until Carter was willing to take the political hit. So we dithered.

I was following the news back then. I remember the discussions.


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