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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Dan3 who wrote (80641)	11/21/1999 9:40:00 PM
From: tejek	Respond to of 1572208

RE <<<His point about the 1929 crash exposing the ignorance of bankers is well taken, but he doesn't go on to complete the thought: The trouble was, they cut the money supply, the opposite of the action taken by Greenspan in 1987, we know better now. We have learned some things since then; Friedman's reassessment of the impacts of monetary policy on the depression has taught us quite a bit.>>> Dan, interesting comments. As you probably know, the current economic expansion is the longest since WW II. I believe, just as technology has evolved and our ability to stimulate and enhance its advancement has developed, that we also have become more adept in managing other areas of our culture.....like the economy. I find it remarkable that we seemed to have learned the concept that arbitrarily inflating prices when business is good does not benefit the economy nor the individual business in the long run. Learning that one was major and very instrumental, I believe, in the longevity of the current expansion. ted