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To: GST who wrote (103518)	5/16/2000 10:40:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

>> Popping the stock market bubble without wrecking the economy will go down as AG's greatest achievement -- if he can pull it off. << I don't think the Fed has the tools to do that. Raising rates worsens the trade gap, which will eventually result in weak dollar and high inflation. So it is self defeating. The only way to reduce growth in a healthy way is to raise taxes (or keep them high) and employ counter cyclical fiscal policy. Meaning pay off the debt (especially to foreigners) and keep gov spending low. That way individuals will have less money to spend even if they are fully employed. And when consumer demand slows, the public sector can spend from its savings and reduce taxes. But with the idiot party calling for reducing taxes now and every turn, it is very hard to imagine this policy being implemented.