No Recovery in Sight »
Posted By populist 5 months, 2 weeks ago in Business & FinanceThe last time the United States overspent on anything approaching this scale was during the ‘guns and butter’ years – the 1960s. Lyndon Johnson wanted a war in Vietnam and a Great Society at home. He got both. He also got inflation. Inflation rates hit double digits in the late ‘70s. The dollar seemed to be going the way of all paper money – to nothing.
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