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Politics : Politics for Pros- moderated
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To: SBHX who wrote (75810)10/8/2004 2:26:21 PM
From: Ilaine  Read Replies (2) of 793782
 
I credit Alan Greenspan and the Federal Reserve keeping the monetary system liquid.

Tax breaks help, too. And spending lots of money seems to juice everything up, as well, no matter what the Austrian types say.

Greenspan would no doubt credit better technology, vastly improved efficency. Computers, internet, cell phones, blackberries, fax machines, finally cheap enough for pretty much everyone.

I remember when I talked the law firm I was working for to get its first fax machine. Lexis-Nexis and Westlaw were $4 a minute. Nobody had mobile phones. Nobody had personal computers. All just 20 years ago.

It's not Presidents that do it. It's entrepreneurs and inventors.
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