Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (28830)	9/15/1999 4:21:00 PM
From: gerard mangiardi	Read Replies (2) \| Respond to of 50167

He raised rates to a level not seen before or since in this country. What were the sources of inflation at that time? Mostly food and energy which are no longer considered part of the core rate. Accolades came from monetarist who believed that velocity of money was stable. Something that his policies proved was not true as the explosion in money market accounts proved. All he succeeded in doing was cause a recession and laying the groundwork for lbos because it became cheaper to buy a business than to build one.