Jay Chen, keep it simple from a non-engineer: the errors in
your equation are your inputs of:
" yet a
massive interest rate cut,
laced with a massive tax cut, spiked with
a massive spending increase, ".
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I don't believe GWBush is doing anything massive .
The tax cut is minuscle ,
1.6 trillion over 10 years
compared with the massive public debt, funded and unfunded
of 24 trillion
mwhodges.home.att.net
especially there will be no spending increase,
if anything budgets will be cut.
TA
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you said
Message #69158 from Jay Chen at Feb 14, 2001 8:15 AM
In electrical engineering, a "massive" input of anything is not a good idea.
A massive injection of liquidity is what got us into the current pickle, and if we top that with yet a massive interest rate cut, laced with a massive tax cut, spiked with a massive spending increase, we could find out that we do not like the resulting mess ... everybody into the pool, and then throw in the toaster to put a zingy tingle up our spins.
Non-linear systems behave non-linearly, and we have to look no further than Japan now and Brazil in the last century.
A game analogy maybe more appropriate ...
Message 15344386
The solution, if obvious, is invariably flawed ...
Message 15332819
Chugs, Jay
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