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

To: nihil who wrote (73798)	2/3/2000 9:32:00 AM
From: greenspirit	Read Replies (2) \| Respond to of 108807

Well, I suppose there will always be true believer linear thinking economists like yourself stuck in the 1940's. The FACT is revenue went up when rates were dramatically reduced in the early 80's. No matter how fervently you desire to rewrite history. heritage.org The rest of your post is simply a "theory". You actually have no idea what would happen to an economy long term by setting a monetary policy. No one has tried it for any meaningful length of time. Socialism also looks wonderful as an economic model, when viewed for 20 or 30 years. By the way, your "The Fed has no real influence on the rate." Sure sent the bond market into a tizzy yesterday. Talk about looking like an ass. Michael