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Arthur Laffer and Stephen Moore: The Bitter Fruit of Inflation: Dow 29500
The debacle of the 1970s reveals how disastrous surging prices can be for the economy and markets. The recent report showing negative economic growth for the first quarter of the year is a painful reminder of the damage that inflation can do. The current 8.5% inflation rate is the highest in 40 years. But few policy makers or Federal
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Posted: May 1, 2022 Sunday 04:54 PM