The Dig: Inflation Politics with Tim Barker
Jacobin Radio
00:00
The History of Inflation
In 1979, the Fed Chair Paul Volcker sent interest rates through the roof to tame high levels of inflation. The move caused a recession and alongside Reagan policies crushed worker power. "There was a generalized sense of a crisis," says historian Dan Borsuk. 'Everyone agreed that something sort of had to be done about this inflation'
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