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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (10225)12/11/2002 12:34:24 PM
From: Jim Willie CB  Read Replies (3) | Respond to of 89467
 
why does nobody connect PROBLEMS with the rising volatility beginning in the mid-1970's when the gold standard was abandoned ???

each successive recessionary cycle has been deeper
each successive boom cycle has been bigger

when a little boy, I loved connecting the dots in pictures
one never knew what the picture would become until connections
I have not lost that skill
so many economists lost it long ago

it is all about money creation and debt creation gone amok

/ jim