Ford's shoes
Imagine inflation over 10 percent. Ben Bernanke and his merry Fed band would have their britches in a knot. And what if the unemployment rate was steadily climbing. Many of us, especially the younger types, would think The Apocalypse had come. That's what Gerald Ford walked into. Crazy days, both politically, which everyone remembers, and economically, which most people don't. Ford's answers weren't all that great. His WIN button campaign was ridiculed. But it was a pretty difficult situation. At least he got the country thinking straight politically so that it could take a look at the economics on more of an even keel. Rest in peace, Mr. President.
Memories of Whip Inflation Now
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