president. brian: can we learn by going back to the 1980s, how to solve this problem? the answer is yes. reagan did a couple things when he came into office. number one he told the fed chairman, paul volcker. once upon a time i worked for volcker as his secretary in new york. he told voark, pull back on the money supply, increase the value of the dollar. let me handle the politics. you get the inflation rate down. pull back on money supply, improve the value of the dollar. that was the key point. the burden of proof will be on the federal reserve. reagan cut tax rates. he lowered marginal tax rates across the board for businesses, for individuals, for capital gain. it didn t take effect for a
president. brian: can we learn by going back to the 1980s, how to solve this problem? the answer is yes. reagan did a couple things when he came into office. number one he told the fed chairman, paul volcker. once upon a time i worked for volcker as his secretary in new york. he told voark, pull back on the money supply, increase the value of the dollar. let me handle the politics. you get the inflation rate down. pull back on money supply, improve the value of the dollar. that was the key point. the burden of proof will be on the federal reserve. reagan cut tax rates. he lowered marginal tax rates across the board for businesses, for individuals, for capital gain. it didn t take effect for a
president. brian: can we learn by going back to the 1980s, how to solve this problem? the answer is yes. reagan did a couple things when he came into office. number one he told the fed chairman, paul volcker. once upon a time i worked for volcker as his secretary in new york. he told voark, pull back on the money supply, increase the value of the dollar. let me handle the politics. you get the inflation rate down. pull back on money supply, improve the value of the dollar. that was the key point. the burden of proof will be on the federal reserve. reagan cut tax rates. he lowered marginal tax rates across the board for businesses, for individuals, for capital gain.