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REPORT ABUSIVE REPLY
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Message Subject
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This Simple Graph Compares Reagan’s and Obama’s ‘Recoveries’
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Poster Handle
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Copperhead |
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Post Content
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The Central Bank has been digitizing (Printing) money as fast as they can and shoving it into the system to keep it afloat. What the hell are you talking about?
During the Reagan years interest rates were not 0 and I was not getting credit offers in the mail every day.
Quoting: Copperhead That money has not reached the average person. It's called money velocity. The average person has access to cheap money if they want right now with the historically low interest rates, unless they are maxed out with borrowed money already. I lived through the '70s and '80s and can tell you the money spigots were not open like they are now.  We bought our acreage in 1985, needed 25% down and no bank wanted to loan us the cash for it. If it was today I could purchase it with little down and get a loan just about anywhere. At the same time all the farmers in the Midwest were struggling and going bust because they could not get the operating capital they needed from the banks. I lived it, and I remember. Access to money is easier today than in Reagans time.
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