Thanks, Not! The Baleful Legacy of Janet, Ben, Alan And Uncle Milton, Part 2

As it happened, we were there when Paul Volcker's shining moment was squandered in the early 1980s. As we discussed in Part 1, his stunning purge of runaway inflation----measured by a drop in the CPI from nearly 10% in 1980 to under 3.5% by mid-1983----was due to what amounted to anti-monetarism.

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