Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (511282)	9/8/2009 3:04:46 PM
From: combjelly	Read Replies (1) of 1578705

"I'm not sure what you're thinking here." I have few doubts about that. "While Volcker is credited by some with a better monetary policy, there is no doubt that Reagan's tax policy is what turned the Carter economy around." Only to the blindly partisan. Volcker gets full credit for ending stagflation. No one else. And there is plenty of doubt about Reagan's role for those who are reality-based. Your profound ignorance of economics is really no excuse. "Tax cuts can be counted on to work. Period, end of story." Totally wrong. They can work under the right circumstances. But they can be counter-productive in others. Often, they have little effect. "And frankly, deficit spending stimulus doesn't work. There is no evidence it has" More hot air. How do you think most of the countries got out of the Great Depression? Prayer?

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