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A comment on Minsky moment. Parent comment

Re:Minsky moment by AnimalMuppet on Friday March 06, 2020 @01:44PM (#22506106)
No, the recession during Reagan's first term was because Volcker cranked up the interest rate to shut down inflation. It worked, but it hurt the economy in the short term.
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Re:Minsky moment by throwawaybbb on Friday March 06, 2020 @06:40PM (#22508440)
Long term too. The bottom 50% of Americans lost all their wealth and went into debt to live since then.
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Re:Minsky moment by AnimalMuppet on Saturday March 07, 2020 @01:36PM (#22513169)
14% inflation wasn't doing to bottom 50% any favors.
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Re:Minsky moment by onlyrealcuzzo on Saturday March 07, 2020 @01:01AM (#22510060)
The bottom 50% has almost no wealth to begin with.
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