There was 'stagflation' then, which made things more expensive as jobs became more scarce. It was slowly strangling the wealth out of everyone.
After Volcker killed inflation, the economy boomed through the 80s and into the 90s. It was a great time, right up until the crash of 2000 stopped it all.
I'm sorry your family was negatively affected. But please know for most people (this is assuredly provable by Ronald Reagan's re-election margin) found the policies an improvement.
There was 'stagflation' then, which made things more expensive as jobs became more scarce. It was slowly strangling the wealth out of everyone.
After Volcker killed inflation, the economy boomed through the 80s and into the 90s. It was a great time, right up until the crash of 2000 stopped it all.
I'm sorry your family was negatively affected. But please know for most people (this is assuredly provable by Ronald Reagan's re-election margin) found the policies an improvement.