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> The election is close and I see no way Biden's government will accept an economical collapse From what I've read, it was very damaging to Jimmy Carter's reel
by nverno 4y ago
> The election is close and I see no way Biden's government will accept an economical collapse
From what I've read, it was very damaging to Jimmy Carter's reelection, so you're probably right about this.
- reducesuffering 4y agoIt was, Jimmy knew this, and he still appointed Volcker to do what he had to do to protect the US economy in the long term. Contrast that to our last President that was screaming in caps on Twitter demanding that the Fed cut rates to 0%. https://twitter.com/realDonaldTrump/status/1171735691769929728 https://twitter.com/realDonaldTrump/status/11717356917699297... I don't know how one could be unashamed currently being a part of that party.
- nverno 4y ago> Jimmy knew this, and he still appointed Volcker to do what he had to do to protect the US economy in the long term Right, this is probably pretty rare amongst politicians- the willingness to sacrifice their career for the greater good (or what they believe is for the greater good).
- roflyear 4y ago
- jaybrendansmith 4y agoI welcome their hatred. Wrong is wrong.
- tootie 4y agoHe was even advocating negative rates. And making direct threats to the Fed chair too. That's the playbook Erdogan has used to keep Turkiye's inflation at a healthy 85%.