Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.95

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Nov 21 9:30 AM EST

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To: Thomas J. Smith who wrote (30192)	5/15/1999 4:50:00 PM
From: Will Lyons	Read Replies (1) of 70976

Re the Fed and interest rates Too bad that we have to have a crash to control inflation because we have eliminated fiscal policy and manage our economy only with interest rates. Keeping interest rates low encourages investment that helps productivity. Fiscal policy could control inflation without the market crash, unemployment, and depression that most likely follow a tight money policy. To be sure some of us may pay a higher tax rate, but may still be much better off than paying a lower rate on a reduced income, or no income. And of course with a market crash capital gains taxes would also be avoided! Those who ignore history may live to repeat it! Will Lyons

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