Peek, Joe; Hendershott, Patric H. - National Bureau of Economic Research (NBER) - 1989
inflation, (2) deregulate the economy, (3) cut taxes, (4) increase military spending and (5) reduce nondefense spending … inflation acted to maintain the high real interest rates carried over from the Carter years and, while the increase in … the late 1920s. Moreover, the increased volatility of interest rates during this protracted battle with inflation raised …