Everyone who lived thru the 70's and early half of the 80's should know that when an economy contracts, jobs disappear, banks and investors get scared and slow down or quit investing, inflation occurs, and the Fed subsequently raises rates to help keep the banks afloat. Why has the general public seemed to have forgotten this basic economic principle?
Everyone who lived thru the 70's and early half of the 80's should know that when an economy contracts, jobs disappear, banks and investors get scared and slow down or quit investing, inflation occurs, and the Fed subsequently raises rates to help keep the banks afloat. Why has the general public seemed to have forgotten this basic economic principle?