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I wouldn’t necessarily say Reagan went along with volker. For starters, volker advised that if Americans wanted to fix the economy they needed to accept a lowe
by mattrp 7y ago
I wouldn’t necessarily say Reagan went along with volker. For starters, volker advised that if Americans wanted to fix the economy they needed to accept a lower standard of living: https://www.nytimes.com/1979/10/18/archives/volcker-asserts-us-must-trim-living-standard-warns-of-inflation.html?searchResultPosition=1 https://www.nytimes.com/1979/10/18/archives/volcker-asserts-...
That’s actually the opposite of what Reagan was saying at the time.