Originally Posted by eyeball
Strange that this article mentions that Reagan lowered interest rates in the 80's to stimulate the economy and stop stagflation while the Newsmax's Aftershock survival Summit guy said that Reagan had raised interest rates to defeat stagflation.


Reagan didn't raise interest rates, Paul Volcker did as Chairman of the Fed in 1980. Reagan had not been elected when Volcker started doing so. Here's a brief synopsis of what happened and who did what.

http://www.buyandhold.com/bh/en/education/history/2000/paul_volker2.html

BTW, we'll be lucky if stagflation is all that we get out of this.


If the American People allow private banks to control the issuance of their currency, first by inflation, then by deflation, the banks..., will deprive the People of all their Property,...Thomas Jefferson