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The Fed has failed to help

March 2, 2014
By JOHN BENDER , The Leader Herald

In order to find a solution, we have to describe the problem accurately. In searching for the causes of inflation, a strange method of fighting inflation was noted. The Federal Reserve Bank, which was in charge of the economy, was raising interest rates and caused a recession. Instead of reducing inflation, it got worse. This was back in the 1970s and '80s.

 
 
 

 

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