Economic expansion was interrupted in the 1970’s and 1980’s, but the cause was the macroeconomic crises triggered by the success of the OPEC cartel and the ensuing deflationary policies pursued by then-Federal Reserve Chairman Paul Volcker.
L’espansione economica si è interrotta negli anni 70 e 80, a causa delle crisi macroeconomiche innescate dal successo del cartello OPEC e dalle conseguenti politiche deflazionistiche perseguite dall’allora presidente della Federal Reserve Paul Volcker.