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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (463565)3/13/2009 3:00:04 PM
From: i-node  Read Replies (2) of 1577847
 
>> There wasn't a monetary policy in 1873.

Of course there was. We were cutting the money supply to try and get us on the Gold Standard. That isn't monetary policy?

>> But they are a small minority among economists.

I don't know about a small minority. In a 1995 Gallup survey 51% of economist surveyed disagreed with the statement that "Taken as a whole, government policies of the New Deal served to lengthen and deepen the Great Depression." (27% agreed flat out, 22% agreed with "prvosos").

Now, if you consider that a very large proportion of those economists are part of the liberal academic establishment, I would not say that's a "small minority". If you throw out the opinions of those who are biased due to their politics, clearly, the majority would not disagree with the statement.
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