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The hypothesis that Volker killed inflation has been discredited. Inflation in the 80's, like today, was supply side from reliance on oil for energy. When natur
by bubbleRefuge 4y ago
The hypothesis that Volker killed inflation has been discredited. Inflation in the 80's, like today, was supply side from reliance on oil for energy. When natural gas replaced oil for energy production in the US, inflation came down.
- onlyrealcuzzo 4y ago> The hypothesis that Volker killed inflation has been discredited. Highly subjective.
- bubbleRefuge 4y agoIt may have even caused more inflation as 20% on treasuries adds lots of interest income to the economy on the demand side.
- jbay808 4y agoAh yes -- the Erdogan school of economics.
- bubbleRefuge 4y agoAll econ is fairly subjective. Hence the "dismal" science label. search for "Volker" http://bilbo.economicoutlook.net/blog/?p=7591 http://bilbo.economicoutlook.net/blog/?p=7591
- nostrademons 4y agoAnd folks like you are why we are going to get more inflation...