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The fresh Federal Set aside fasten the money also provide and you can rising prices is considerably low in the newest eighties, thus the value of the fresh You.S. dollars stabilized. This was mainly because of the prevailing economic view from the time you to definitely inflation and you may genuine monetary gains was linked (the newest Phillips curve), and thus rising cost of living try thought to be seemingly benign. The new Federal Put aside initial succeeded inside maintaining the value of the newest You.S. money and you will price balances, reversing the fresh rising cost of living due to the first World Battle and you can stabilization the worth of the newest money inside 1920s, ahead of presiding more than a good 30% deflation in the You.S. costs in the 1930s.

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