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What was the extremely harsh correction to the high inflation of the 1970s and 1980s. I don’t recall more than a minor recession in the 1990s. Perhaps you’re fr
by TimPC 4y ago
What was the extremely harsh correction to the high inflation of the 1970s and 1980s. I don’t recall more than a minor recession in the 1990s. Perhaps you’re from a different reality than me?
- whimsicalism 4y agoI am not sure why you think this would be in the 90s. Volcker is well known for his harsh correction, I don't really know what to tell you. We have lived through very unusual recessions recently, but that doesn't make the one in the 80s (where unemployment went over 10%) not bad. https://en.m.wikipedia.org/wiki/Early_1980s_recession_in_the_United_States https://en.m.wikipedia.org/wiki/Early_1980s_recession_in_the...