Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (36165)	9/12/2000 11:09:53 AM
From: TigerPaw	Read Replies (2) \| Respond to of 769667

Attributing the Reagan boom to some sort of "Keynesianism" that no economist recognized at the time was bad enough. Denying it even occurred is just dumb...... There's a lot of difference between apparent prosperity caused by borrowing and spending trillions of dollars and the actual prosperity we experience today. Reagan's plan was a transfer of wealth from our grandchildren. TP

To: Neocon who wrote (36165)	9/12/2000 3:46:24 PM
From: Brumar89	Read Replies (1) \| Respond to of 769667

Attributing the Reagan boom to some sort of "Keynesianism" I thought Keynesianism was the use of fiscal (spending and taxing) policies to stimulate (or dampen) the economy. Sounds like exactly what happened to me. Although I personally think the budget deficits of the latter Reagan era and later were irresponsible, I think a good argument could be made this was just what was needed in the early 80's when the economy was in and pulling out of recession caused by Fed tightening to bring down inflation.