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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (76944)3/3/2000 2:25:00 PM
From: Les H  Respond to of 132070
 
During the days of the Carter administration, the chairman of the president's Council of Economic Advisers was forbidden to use the term "recession." So, when referring to a business downturn, Chairman Kahn used the word "banana."

ntrs.com

We're long overdue for a banana.



To: Tommaso who wrote (76944)3/3/2000 2:26:00 PM
From: Freedom Fighter  Read Replies (1) | Respond to of 132070
 
T,

>>he seems totally oblivious of what we are into now.<<

I think the vast majority of otherwise extremely bright and informed people do not understand how the banking system works, how credit comes into the system, the stimulative effects credit expansion can have, etc... Sometimes I'm not sure if it is ignorance or a designed effort to "keep them in the dark".

Wayne


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