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 Originally Posted by BananaStand
Go on Netflix, and look up "Eighties"
I lied (unintentionally). I do know the history. It was a part of my final project for my degree. The focus was not Reagan or fiscal policy, though, so maybe that explains why I thought I didn't know the history.
Here's the short of it: the recession that began in the middle of 1981 and lasted until near 1983 was not related to Reagan or his tax policy. It was caused by the Federal Reserve raising interest rates in an attempt to drive inflation down.
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