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Politics : Formerly About Advanced Micro Devices
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To: bentway who wrote (293255)7/9/2006 2:03:23 PM
From: tejek  Read Replies (1) of 1581912
 
Let me just say that Clinton's expansion refuted many common beliefs held by economists. "

How about some LINKS that support this contention?

Why? Do you believe I made it up? Here's one link showing one long time myth that was discredited by the '90s expansion:

"For decades, the conventional economic wisdom has been that allowing unemployment to fall below 6% would destabilize the economy by triggering inflation. A new book published today by the Economic Policy Institute shows how the jobs boom of the second half of the 1990s discredited that theory. Unemployment fell to 4% during that period, raising wages and reducing poverty along the way, without triggering a corresponding rise in inflation."

72.14.203.104
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