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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: John F. Dowd who wrote (27518)	7/29/1999 2:05:00 PM
From: Gerald Walls	Respond to of 74651

Thank you Mr. Keynes. Myself I prefer Adam Smith. Let the invisible hand do its work. <sarcasm>Yes, before modern monetary theory there were no business cycles. As we all know there were no boom times and recessions/depressions in the 1800's when the government had very little taxing authority and monetary control.</sarcasm> I do agree that while the free market can trash an economy it takes a government to destroy it, such as the Great Depression. The gov't. does very little than put capital to work very inefficiently. That is why the founding fathers envisioned the role of government spending as raising an Army. We agree 100% on this. Can you please tell me what productivity gain comes from the government army of bureaucrats? A very large negative. We wouldn't need all this monetary magic if the gov't. would not overspend what they get from an already overtaxed populace. But they do so we do. This ain't Candyland. It's farked-up tax-and-spend land.