Loading ...because it got praise for VOLKER ,so he will do same…different situation ..it dosent matter… Domocrats are only interested in appearances and popular opinions.
Besides raising rates in causing depression didnt get the Government trashed in the 1930,s ..People tolerated a depression without bringing down the Government .
Compared to Germany Weimar Republic where hyper inflation brought Hitler to Power and destroyed the Currency ..and brought down the Government .
Government looks after Government ,not people. It may be different this time,but they will do what they did before and raise rates no matter what it does to the economy that has an intolerable amount of DEBT….Bankruptsy is in the cards for the US. DEfaults on debt,destruction of the CURRENCY is acceptable for this Government as they think it will still keep them in Power .TAXES will crush the economy in an effort to save the DOLLAR ….It cant be done ! too much debt .Democrats dont care if they think they can still stay in Power.. What worked with Volker wont work now ..they dont care…if the public goes along with it without bringing down the Government they will do it.no matter the debt ,no matter the economy. Government Pensions will not be paid what they promised, everybody will get what Government thinks is sufficient for what they need,not what the think they are owed. They all get the same .serves those communists right . unfortunately the rest will be punished along with them..Ill bet on Bankruptsy and Bond defaults ,not hyper inflation ,because thats where they think Government will survive .The DOLLAR might get to be KING again ,exports dry up,unemployment skyrockets ..you might not survive but Government will.