And we can take from the playbook of two different presidents. One, President Reagan. President Reagan inherited record high inflation back at the end of the 70s. He [President Reagan] allowed Paul Volcker, the head of the Federal Reserve, to increase interest rates up to 2021%. which hammered the economy, but finally cracked inflation. And until this recent bout of inflation, inflation has largely been dead over the last 40 years. (07:50–07:58)
CLAIM
Asserts that President Reagan allowed interest rates to rise to 2021% under Paul Volcker.
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