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Strategies & Market Trends : ahhaha's ahs
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To: Keith Monahan who wrote (3652)11/28/2001 11:20:01 PM
From: ahhahaRead Replies (4) of 24758
 
He can't do that yet. He's playing it very well. The idea is to do things the Democrats like without giving them what they want which is what makes a mess out of economy.

I hear a lot 'o guyz crying for the good old days of Clinton. What we had was tight fiscal policy and loose monetary policy. This combo managed to squander all the value build of the years from '82 to '95. Value build comes from tight monetary policy and loose fiscal policy. You give integrity to spending a buck and you make it easy to make and keep.

Instead what we got was a lunatic FED rationalizing poor monetary policy with pseudo intellectual arguments about WinXXX productivity. Did the FED have a choice? Could they have run a tight monetary policy with the Democrats demanding tight fiscal policy? Nope, not without endemic recession.

That's what we have now. How is monetary policy tight? Lenders won't lend and the FED is stingy. They aren't creating much permanent reserves. Realistically, they can't. It would be directly inflationary. If they can only stay this course and let we the people create wealth, then they can extract themselves from the consequences of their folly of the past. And if the Democrats will do their part, then we can extract ourselves from the consequences of our folly of the past. To realize the latter Bush must compromise.
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