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An adult here to teach today’s generation the fundamentals of how inflation works.
Posted on 9/2/24 at 1:04 pm
Posted on 9/2/24 at 1:04 pm
They really should have made a School House Rock video back in the day when they had a chance to, but then again, it too failed to stick.
Posted on 9/2/24 at 1:09 pm to Mike da Tigah
I don't remember what inflation rates he inherited from Carter but I remember prime interest rates were 12-13%. I remember because I bought my first house in 1980-81.
Posted on 9/2/24 at 1:11 pm to Mike da Tigah
money brinter go brrrrt.
Posted on 9/2/24 at 1:14 pm to Diamondawg
quote:
I don't remember what inflation rates he inherited from Carter but I remember prime interest rates were 12-13%. I remember because I bought my first house in 1980-81.
9.9%. Carter was the highest of all presidents I believe, but that’s driven as much or more by Congress than any one president, and both houses were Democrats. There is simply no shifting blame for those horrific years.
Posted on 9/2/24 at 1:38 pm to Diamondawg
During the Carter administration it got 20%
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