Activity

Regulation Q capped interest rates on domestic demand deposits (basically savings and checking accounts [...]). This was designed to (a) discourage local banks from depositing their money with big banks, and instead to lend local locally, and (b) limit competition among banks, thereby ensuring the stability and survival of those same local banks.

the "interest equalization tax" [...] imposed an export tariff on all US capital leavin the nation at a rate that equalized opportunities for financial profit at home and abroad

[...] in the late 1960s, the rather slow fall in the profit rate accelerated markedly, and continued steadily until the Volcker coup of 1979-82. If you have to pick a birthday for neoliberalism, this is it. It had been gestating for a number of years, but more than any other single event, the Fed's…

Investment stayed up for a variety of reasons [...] the political peace between big labour unions, big business, and big government (part of what gets called "Fordism") that characterized this era provided, in a broad sense, a guarantee of high wages, low industrial conflict, and high profits

[...] Even in the "golden age" [...] the rate of profit was actually declining in the US. But "business sentiment" remained high until the late 1960s, as did the rate of investment, which suppressed the effect of falling profits.