{"id":15051,"date":"2022-04-19T12:18:40","date_gmt":"2022-04-19T10:18:40","guid":{"rendered":"https:\/\/amend-finance.de\/1980-paul-volcker-straightening\/"},"modified":"2023-02-26T18:20:37","modified_gmt":"2023-02-26T17:20:37","slug":"1980-paul-volcker-straightening","status":"publish","type":"post","link":"https:\/\/amend-finance.de\/en\/1980-paul-volcker-straightening\/","title":{"rendered":"1980 | Paul Volcker Straightening"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"15051\" class=\"elementor elementor-15051 elementor-376\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4f698ed elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4f698ed\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-123a828\" data-id=\"123a828\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-73ed391 elementor-widget elementor-widget-text-editor\" data-id=\"73ed391\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When Paul Volcker became head of the US Federal Reserve in 1979, the inflation rate was 13 percent. His shock therapy helped. In 1979, the inflation rate had reached 13 percent with key interest rates around eleven percent. Volcker and his colleagues at the FED raised the key interest rates to an unimaginable 20 percent today and accepted a severe economic crisis for it. The unemployment rate rose to more than 10%. Millions of Americans lost their jobs. The monetary policy led to severe protests because loans became more expensive as a result of high interest rates. Especially construction companies, real estate owners and farmers suffered from the restrictive monetary policy.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8028e63 elementor-widget elementor-widget-heading\" data-id=\"8028e63\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Development of the S&amp;P 500 from January 1979 to December 1984<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-94dc75d elementor-widget elementor-widget-image\" data-id=\"94dc75d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"760\" height=\"320\" src=\"https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/chart-1980-paul-volcker-straffung.jpg\" class=\"attachment-large size-large wp-image-14555\" alt=\"\" srcset=\"https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/chart-1980-paul-volcker-straffung.jpg 760w, https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/chart-1980-paul-volcker-straffung-300x126.jpg 300w\" sizes=\"(max-width: 760px) 100vw, 760px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-86189e5 elementor-widget elementor-widget-heading\" data-id=\"86189e5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Progression of the crisis<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-315c5b4 elementor-widget elementor-widget-timeline-widget-addon\" data-id=\"315c5b4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"timeline-widget-addon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<!-- ========= Timeline Widget  Addon For Elementor 1.6.24 ========= -->\n<div id=\"twae-wrapper-315c5b4\" class=\"twae-wrapper twae-horizontal-timeline\">\n<div class=\"twae-wrapper-inside\">\n <div id=\"twae-slider-container-315c5b4\" data-dir=\"\" data-slidestoshow=\"4\" data-autoplay=\"false\" data-auto-height=\"false\" class=\"twae-slider-container swiper-container\">\n <div  class=\"twae-slider-wrapper swiper-wrapper auto-height\"><!-- Start of Story Repeater Content --><div id=\"twae-article-5b10f0f\" class=\"twae-repeater-item twae-story swiper-slide twae-story-no-icon\"><!-- Story Icon --><div class=\"twae-icon\"><i aria-hidden=\"true\" class=\"fas fa-globe-americas\"><\/i><\/div><!-- Story Arrow --><div class=\"twae-arrow\"><\/div><!-- Start of Story Content --><div class=\"twae-content\"><!-- Story Title --><div class=\"twae-title\">1979<\/div><!-- Story Description --><div class=\"twae-description\"><p>Paul Volcker \u00fcbernimmt das Amt des Chefs der FED.<\/p><\/div><\/div><\/div><!-- Start of Story Repeater Content --><div id=\"twae-article-5f17c38\" class=\"twae-repeater-item twae-story swiper-slide twae-story-no-icon\"><!-- Story Icon --><div class=\"twae-icon\"><i aria-hidden=\"true\" class=\"fas fa-globe-americas\"><\/i><\/div><!-- Story Arrow --><div class=\"twae-arrow\"><\/div><!-- Start of Story Content --><div class=\"twae-content\"><!-- Story Title --><div class=\"twae-title twae-title\">28. November 1980<\/div><!-- Story Description --><div class=\"twae-description twae-description\"><p><span class=\"VIiyi\" lang=\"de\"><span class=\"JLqJ4b ChMk0b\" data-language-for-alternatives=\"de\" data-language-to-translate-into=\"en\" data-phrase-index=\"0\" data-number-of-phrases=\"1\">Der S&amp;P 500 erreicht ein Zwischenhoch von 140,52 Punkten.<\/span><\/span><\/p><\/div><\/div><\/div><!-- Start of Story Repeater Content --><div id=\"twae-article-b3071dd\" class=\"twae-repeater-item twae-story swiper-slide twae-story-no-icon\"><!-- Story Icon --><div class=\"twae-icon\"><i aria-hidden=\"true\" class=\"fas fa-globe-americas\"><\/i><\/div><!-- Story Arrow --><div class=\"twae-arrow\"><\/div><!-- Start of Story Content --><div class=\"twae-content\"><!-- Story Title --><div class=\"twae-title twae-title twae-title\">1982<\/div><!-- Story Description --><div class=\"twae-description twae-description twae-description\"><p>Die Inflation sinkt auf 6%.<\/p><\/div><\/div><\/div><!-- Start of Story Repeater Content --><div id=\"twae-article-94ecd88\" class=\"twae-repeater-item twae-story swiper-slide twae-story-no-icon\"><!-- Story Icon --><div class=\"twae-icon\"><i aria-hidden=\"true\" class=\"fas fa-globe-americas\"><\/i><\/div><!-- Story Arrow --><div class=\"twae-arrow\"><\/div><!-- Start of Story Content --><div class=\"twae-content\"><!-- Story Title --><div class=\"twae-title twae-title twae-title twae-title\">1983<\/div><!-- Story Description --><div class=\"twae-description twae-description twae-description twae-description\"><p>Die Inflation sinkt auf 3%.<\/p><\/div><\/div><\/div><\/div><\/div><\/div> <!-- Add Arrows -->\n       <div class=\"twae-button-prev\"><i class=\"fas fa-chevron-left\"><\/i><\/div>\n       <div class=\"twae-button-next\"><i class=\"fas fa-chevron-right\"><\/i><\/div>\n       <div class=\"twae-h-line\"><\/div>\n       <div class=\"twae-line-fill\"><\/div>\n    <\/div><style type=\"text\/css\">.elementor-15051 .elementor-element.elementor-element-315c5b4 .twae-wrapper.twae-vertical .twae-story{margin-bottom:60px!important}.elementor-15051 .elementor-element.elementor-element-315c5b4 .twae-title{font-size:1em;}.elementor-15051 .elementor-element.elementor-element-315c5b4 .twae-label-big{font-size:1em;}.elementor-15051 .elementor-element.elementor-element-315c5b4 .twae-wrapper{--tw-lbl-big-size:1em}@media (max-width: 1024px){ .twae-wrapper{--tw-ybx-size: 75px !important;}}@media (max-width: 767px){ .twae-wrapper{--tw-ybx-size: 75px !important}}<\/style>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-75e6689 elementor-widget elementor-widget-heading\" data-id=\"75e6689\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Evolution of the crisis<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1581456 elementor-widget elementor-widget-text-editor\" data-id=\"1581456\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>From 1973 to 1979 alone, with the exception of one year, inflation was over 5 %. In 1980 inflation rose above 12%, while in 1981 it was just under 9%. For comparison: since 1982, only in 1990 has the annual inflation rate in the course of a calendar year been above 5 %. In 23 of the 39 years from 1982 to 2020, inflation was below 3%. From 1966 to 1979, 3% was the lowest annual inflation rate.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c69dc2 elementor-widget elementor-widget-heading\" data-id=\"3c69dc2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Actions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8add2f9 elementor-widget elementor-widget-text-editor\" data-id=\"8add2f9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Against great pressure from economists, business and the public, then US President Jimmy Carter, who made Volcker head of the FED, decided to end inflation. Paul A. Volcker became head of the Federal Reserve System in 1979. He finally stopped inflation by raising the so-called &#8220;fed funds rate&#8221; (the interest rate at which US financial institutions lend money to each other to settle their balances under reserve requirements at the central bank) to about 20% in the early 1980s. The essence of his monetary policy was to radically slow down the economy and thus break price pressures. He achieved this with a radical increase in key interest rates to almost 20 %, which still corresponded to almost 10 % in real terms (adjusted for inflation).<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8f62b5c elementor-widget elementor-widget-heading\" data-id=\"8f62b5c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conclusions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d97b6f5 elementor-widget elementor-widget-text-editor\" data-id=\"d97b6f5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The drastic recession caused by Volcker and high unemployment finally ended the previously prevailing trend towards ever higher prices and wages and brought inflation expectations and thus inflation itself to a halt:<\/p>\n<p>When workers no longer expect inflation to rise continuously, they no longer demand corresponding wage increases. The so-called wage-price spiral then ends and inflation decreases. The central bank can then lower the key interest rates again, the economic situation improves again and employment increases again. This is exactly what Vocker has achieved with his policy.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0d11f7b elementor-widget elementor-widget-heading\" data-id=\"0d11f7b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Under the Obama administration<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c4bb42c elementor-widget elementor-widget-text-editor\" data-id=\"c4bb42c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In a speech on 21 January 2010, US President Barack Obama announced his intention not only to regulate the big banks more, but also to restrict their proprietary trading activities.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dfb3f03 elementor-widget elementor-widget-heading\" data-id=\"dfb3f03\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Volcker Rule<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c29ee79 elementor-blockquote--skin-quotation elementor-widget elementor-widget-blockquote\" data-id=\"c29ee79\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\t'Banks are not allowed to participate in, own or finance hedge funds and private equity funds and to engage in proprietary trading [trading in financial instruments (money, securities, foreign exchange, foreign notes and coins, precious metals or derivatives) in the bank's own name and for its own account and not directly triggered by a client transaction] at their own risk. Banks must limit their securities trading activities to client orders and may not themselves take risky positions for their own speculative motives.'\t\t\t<\/p>\n\t\t\t\t\t\t\t<div class=\"e-q-footer\">\n\t\t\t\t\t\t\t\t\t\t\t<cite class=\"elementor-blockquote__author\">Paul Volcker<\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5aa79be elementor-widget-divider--view-line_text elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider\" data-id=\"5aa79be\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<span class=\"elementor-divider__text elementor-divider__element\">\n\t\t\t\tComparison previous year \/ crisis year\t\t\t\t<\/span>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-475b3a0 elementor-widget elementor-widget-heading\" data-id=\"475b3a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">7 Medium-term fractal indicators - 1979<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b908d1b elementor-widget elementor-widget-image\" data-id=\"b908d1b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"720\" height=\"460\" src=\"https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/sieben-mittelfristige-fraktalindikatoren-1979.jpg\" class=\"attachment-large size-large wp-image-14556\" alt=\"\" srcset=\"https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/sieben-mittelfristige-fraktalindikatoren-1979.jpg 720w, https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/sieben-mittelfristige-fraktalindikatoren-1979-300x192.jpg 300w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-53adeae elementor-widget elementor-widget-heading\" data-id=\"53adeae\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">7 Medium-term fractal indicators - 1980<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8ccbdc2 elementor-widget elementor-widget-image\" data-id=\"8ccbdc2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"720\" height=\"442\" src=\"https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/sieben-mittelfristige-fraktalindikatoren-1980-paul-volcker-straffung.jpg\" class=\"attachment-large size-large wp-image-14557\" alt=\"\" srcset=\"https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/sieben-mittelfristige-fraktalindikatoren-1980-paul-volcker-straffung.jpg 720w, https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/sieben-mittelfristige-fraktalindikatoren-1980-paul-volcker-straffung-300x184.jpg 300w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d9e07f4 elementor-widget elementor-widget-image\" data-id=\"d9e07f4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"720\" height=\"160\" src=\"https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/legende-sieben-mittelfristige-fraktalindikatoren.jpg\" class=\"attachment-large size-large wp-image-14529\" alt=\"Chart legend for the seven medium-term fractal indicators\" srcset=\"https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/legende-sieben-mittelfristige-fraktalindikatoren.jpg 720w, https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/legende-sieben-mittelfristige-fraktalindikatoren-300x67.jpg 300w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>When Paul Volcker became head of the US Federal Reserve in 1979, the inflation rate was 13 percent. His shock therapy helped. In 1979, the inflation rate had reached 13 percent with key interest rates around eleven percent. Volcker and his colleagues at the FED raised the key interest rates to an unimaginable 20 percent [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-15051","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/amend-finance.de\/en\/wp-json\/wp\/v2\/posts\/15051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amend-finance.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amend-finance.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amend-finance.de\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amend-finance.de\/en\/wp-json\/wp\/v2\/comments?post=15051"}],"version-history":[{"count":3,"href":"https:\/\/amend-finance.de\/en\/wp-json\/wp\/v2\/posts\/15051\/revisions"}],"predecessor-version":[{"id":15054,"href":"https:\/\/amend-finance.de\/en\/wp-json\/wp\/v2\/posts\/15051\/revisions\/15054"}],"wp:attachment":[{"href":"https:\/\/amend-finance.de\/en\/wp-json\/wp\/v2\/media?parent=15051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amend-finance.de\/en\/wp-json\/wp\/v2\/categories?post=15051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amend-finance.de\/en\/wp-json\/wp\/v2\/tags?post=15051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}