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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (17569)	11/6/2002 3:09:18 PM
From: Sharp_End_Of_Drill	Read Replies (1) \| Respond to of 23153

KB, I'm all for more sex in TV and movies, and getting rid of violence. We've got the equation exactly backwards here in America. Regarding the rate cuts, well we got one as I've expected for a long time. My opinion is quite different from most of what I read. Too many people are saying the cuts are ineffective, pushing on a string, won't do anything, blah blah blah. I think the series of cuts are the only thing that have saved our bacon in the last few years. We would no doubt have crashed much harder and faster without jamming the system with liquidity and trying at all lengths to make borrowing easier. I still think inflation is the only workable way out from under our mountain of debt, and the government will do anything possible to keep the liquidity flowing by printing money and lowering rates. These things also devalue the dollar which will eventually help our balance of trade problems. To not do these things invites deflation, and that is too horrendous to even contemplate. Sharp