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Pastimes : THE SLIGHTLY MODERATED BOXING RING
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To: Lazarus_Long who wrote (17666)7/17/2002 12:11:22 PM
From: Original Mad Dog  Read Replies (1) of 21057
 
Do you think Clinton had much to do with the Great Bubble?

Not really. It was a combination of fiscal accommodation from a Fed largely outside Clinton's control and some really foolish decisions in the private marketplace about capital investment. I seem to recall from a Macroeconomics course I took long ago that the economy can be (over)stimulated through the running of deficits or through increasing money supply/lowering interest rates. Clinton ran the biggest surplus we've ever had toward the end of his reign, so I don't see that blaming him for the hysteria is accurate.

I still hate the guy, though.
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