Political Quotes

Steny Hoyer: “Interest rates, of course, and inflation rose very rapidly in the 1970's, as the gentleman well knows, for reasons…”

On the recordJanuary 11, 1995
Interest rates, of course, and inflation rose very rapidly in the 1970's, as the gentleman well knows, for reasons unrelated to domestic policy, but very much related to the oil cartel that was created in the Middle East.
Said by
Steny Hoyer
Democratic · Maryland

Editor's note · Context

Discussing the causes of rising interest rates and inflation in the 1970s.

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