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by Jim in a Nautilus COAT on March 19th, 2009

Jim in a Nautilus COAT

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What caused the huge interest rate spike during the Carter Administration?

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  • by OldCW wears The COAT of the Cosmos on March 19th, 2009

    OldCW wears The COAT of the Cosmos

    The economy was overheating and inflation was skyrocketing. Higher interest rates slowed everything down including inflation.

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