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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (57207)	10/5/1999 1:54:00 PM
From: Jacques Chitte	Read Replies (3) \| Respond to of 108807

Is it possible - or more properly, worth discussing - that the great economic boom is a legacy not so much of the Reagan administration, but the Reagan era? The difference is in how much credit goes to the executive branch, and how much of it is fortunate timing.

To: Ilaine who wrote (57207)	10/6/1999 4:29:00 AM
From: nihil	Respond to of 108807

Hey, Blue, stick to the law, and leave the economics to the experts. The recession of '81 was the result of Volker stomping on the brakes (starting in '79) and stopping the world wide monetary inflation. He stomped too hard, but when your 18 wheeler is running away, its no time for delicacy. The tax cuts exacerbated the inflation by increasing demand, and the crunch had to be correspondingly harsh. For an easy journalistic treatment -- Greider -- Secrets of the Temple -- if you like big thick books.