2 Comments
User's avatar
⭠ Return to thread
Follow The Money - cui bono's avatar

Reagan also makes me gag, as does every republican since. The other side of the CD rates was mortgages at 18% fixed plus “points” - upfront interest. I graduated from college as an accountant in 1981 and there were no jobs. Emphasis was on exporting. I used to think once worldwide wages were evened out, everyone would be lifted out of poverty. But throw in psychopathic politicians, CEO’s and gullible people, and apparently you have the makings of the French Revolution every so often.

Expand full comment
Jack Lippman (FL-NY-NJ)'s avatar

The first President Bush called it 'voodoo economics."

Expand full comment