Sunday, April 5

Fintech

Business

Jimmy Carter confronted a whale of an economic problem during the whole of his presidency, 1977-81—stagflation. The unbelievable combination of double-digit yearly inflation with economic stagnation and unemployment was the problem his presidency was supposed to solve, but did not. In 1980, Carter’s last full year in office, inflation was over ten percent per annum for the second straight year and the economy endured a recession.

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