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To: Jorj X Mckie who wrote (248168)	7/2/2003 2:10:39 PM
From: zonder	Read Replies (1) \| Respond to of 436258

Sorry, gotta run, but basically: (1) "Naturally cleansing organs" get well much sooner with the appropriate medication. That is the basis of the whole practice of medicine, incidentally. (2) Agreed re necessity of bear cycles, but that does not mean nothing should be done to alleviate the pain and to nudge the economy in right direction with introducing the right incentives into the market mechanism. (3) A tax cut is intervention, pure and simple. Introducing something new into the system cannot be "reduction of intervention". Besides, have you looked into the exact effects of the proposed tax cuts? How long it will take for the extra money to trickle down into the market? Who will benefit? (3) Re "money supply actually contracting" - What exactly do you mean? I don't have the figures in front of me, but I did look pretty recently and M1 and M2 have clearly taken off. Definitely not contracting. And no, it is not "a function of the natural cycle". It is intervention. (Not saying intervention is necessarily a Bad Thing, mind you, but just pointing it out)

To: Jorj X Mckie who wrote (248168)	7/2/2003 4:34:50 PM
From: UnBelievable	Respond to of 436258

The Time To Prepare For The Contraction Is During The Expansion This is really pretty simple stuff. During the fat years reserves should be gathered. These reserves can then be used to alleviate the pain of the lean years. The reason that we are in so much trouble is that during a period of extraordinary growth and prosperity not only didn't we save but we actually significantly increased our debt. The reality is not only didn't we put aside a portion of the rich harvests for the lean years but we actually distributed the seed grain to people to eat during those years. A society which eats its seed grain is going to have difficulty for a number of years, period.