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Federal Reserve Board believed the tax cut re-ignited inflation and raise interest rates. This sparked a deep recession in 1981 and 1982. The high interest rates caused the value of the dollar to rise on the international exchange market, making American goods more expensive abroad. As a result, exports decreased while imports increased.
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nah it was basically a nation of retards all pushing sticks off each others shoulders and not paying any attention to anything like you wouldn't with this program that would just continue to destroy the country the same way because there is no way to fix this because like climate change we have passed the point of no return.
10-27-2021, 08:11 PM
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