15 ms·
That was caused by bad US monetary policy. You've confused cause and effect. (Americans hate inflation so much they preferred the Volcker recession in the 70s,
by astrange 3y ago
That was caused by bad US monetary policy. You've confused cause and effect.
(Americans hate inflation so much they preferred the Volcker recession in the 70s, which is what caused the deindustrialization, which is what caused things to move to Asia.)
- whimsicalism 3y agovolcker recession was in the 80s