The Saturday Night That Changed American Money Forever | Milton Friedman
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The Saturday Night That Changed American Money Forever | Milton Friedman
Milton Friedman explains the Volcker shock of October 6, 1979 — the Saturday night decision that pushed interest rates above twenty percent and broke the worst inflation in American peacetime history. If you have ever wondered why the Federal Reserve guards its independence so fiercely, this is the moment that forged it, and it shaped every ...
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