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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (40390)	8/31/2001 1:08:15 PM
From: Crystal ball	Read Replies (1) \| Respond to of 50167

CREATIVE DESTRUCTION....BIRTH PAINS...all this 2nd Greenspan induced earnings recession has created is the conditions for consolidation of all those dot com and internet and high technology ideas and patents. The emerging survivors of this financial war will recreate the global economy and global financial markets as we know it, and with the new surviving technologies, a new wireless democratic decentralized world, of that I am convinced. I am, Truly your$, -Crystal Ball P.S. I have ben thinking a lot today of econmist Jospeh Schumpeter's CREATIVE DESTRUCTION theories, and I am coming to the conclusion that he was right in 1920, the 1940's and today. I am not saying Keynes was all that wrong, but the 1980's require a reassessment of any thinking that is DECLINIST in nature. However, there are limits to natural and man made resources, do not confuse that, and for this fact, particularly the loss of LIQUIDITY caused by Greenspan & Company, we may need a new econmic theory to encompass what has and is occurring. I strongly suggest and would advise the US Treasury of the present administration to re-issue 30 Year Treasury Bonds and again base the dollar and economy on that, and through this borrowing, solve the current depletion of the surplus as currently perceived in Washington and use the money together with capital gains tax cuts as part of a stimulus package. Nothing else will work as Greenspan's FOMC and their failed monetary policies refuse to face their failures and achieve OPEN CARRY. October could be too late already. We need leadership. PERIOD. Otherwise the technology COST EFFICIENCY purchasing of the Fortune 1000 I guarantee will start to cannablize things in the OLD economy that Greenspan does not suspect, and from the ashes the new phoenix will fly, burnt wings and all. It will happen, it is just a question of how such a technological revolution and recovery happens.