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: CYBERKEN who wrote (388090)	4/8/2003 3:40:22 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

Paul Volker temporarily defeated inflation... by engineering a great recession. Then Reagan/Bush's massive deficit spending (especially toward the end of their second term) started the national debt SOARING again... business investment fell off, and long-term market rates climbed again because the markets saw the specter of inflation returning again. Higher government borrowing - to finance the deficits - crowded out private borrowing and landed us in yet another recession. Some fools never learn. Inflation never 'dies'... but it is periodically over-fed by politicians.