Birdwatch Archive

Birdwatch Note Rating

2023-04-26 20:58:48 UTC - HELPFUL

Rated by Participant: 45B8EF43682258D990F1C39DD9C1C131E030B7B116A1A874CAD37AED55F98C04
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Original Note:

The inflation rate is not the worst in our lifetime. It was 13.5% in 1980 and 4.1% in 1988. The Federal Reserve increased interest rates (prime rate peaking at 20.5% in August 1981). https://en.wikipedia.org/wiki/Reaganomics#:~:text=The%20inflation%20rate%2C%2013.5%25%20in,and%20GDP%20fell%20by%201.9%25.

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