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

To: tejek who wrote (99339)	3/21/2000 2:57:00 PM
From: Scumbria	Read Replies (1) \| Respond to of 1570820

Ted, <i.I am surprised there has not been dramatic price inreases for the past 10 years......that in itself has been a major break through. My casual observation is that cars are much more expensive than they were ten years ago. On the other hand, computers are much less expensive, thanks to Fuchi. Scumbria

To: tejek who wrote (99339)	3/21/2000 3:13:00 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 1570820

Tejek, RE:"I can't pretend to know history that well but its my understanding before there was a fed, this country had very serious booms and busts. And when I say busts, I mean depressions and not recessions. I no more like the Feds involvement than anyone else but I don't have confidence that prices will remain in check indefinitely without some governmental overseer. Greed usually overtakes reasonableness. I am surprised there has not been dramatic price inreases for the past 10 years......that in itself has been a major break through".... What you refer to is known as Keynesian economics. Laid out by John Maynard Keynes. Bascially is allows that the duty of the FED is to raise rates to slow economic boom and lower rates to stimulate the economy out of slow periods. These business cycles used to be much more predictable but in the last 10 years it seems that any major boom/bust cycles have been avoided and AG has had the luxury of being able to successfully fine tune the larger cycle. I suppose you could trace Keynesian economics in the US back to the 30's. In more recent times, Nixon declared himself a "Keynesian"...Volker really reiterated the idea while raising rates to slow the economy in the early eigthies and AG in 1987 when he over tightened, causing the market to crash. He quickly learned after that. Jim