Huge increases in government spending and record low levels of unemployment during the Vietnam War era in the late 1960s led policy makers to fear that

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The huge increases in government spending and record low levels of unemployment during the Vietnam War era in the late 1960s led policy makers to fear that the economy was growing too fast, which would increase inflation. This fear led to policies aimed at slowing down the economy, such as increasing interest rates and reducing government spending.

Huge Increases in Government Spending and Record Low Levels of Unemployment