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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: Lazarus_Long who wrote (13094)10/19/2003 10:34:38 PM
From: Dayuhan  Read Replies (2) | Respond to of 793552
 
Hard to draw a causative link based on correlation, especially when there are so many extraneous features involved. Looking at the recent growth spurt, I'd have to say that fiscal policy was less an issue than demographic and technological factors. The baby boom generation arrived at its peak years of earning, consumption, and investment, and at the same time a new generation of technologies arrived in practical and productive form. Those influences mean a lot more than taxes and deficits.

I won't begin to attempt to argue your comments about waste in the military, although blaming warmongering Presidents or the military for this is simplistic.

Agreed. The influences are numerous, and in many cases have nothing to do with actual defense needs. Nonetheless, some hard decisions do have to be made if the military budget and fiscal needs are going to be reconciled - and that's the job of the administration in power. There is no point in trying to maintain a force structure that was designed to fight an antagonist that no longer exists.

Yes. Oz was wonderful when we were in it, but it's back to Kansas now.

Kansas is actually not so bad, though the transition from Oz to Kansas was, for many of us, a bit on the rugged side.



To: Lazarus_Long who wrote (13094)10/20/2003 2:16:42 AM
From: DavesM  Respond to of 793552
 
If I remember correctly, given a constant money velocity, Money supply has to increase - that is, if you want GDP to increase. In general I believe that recessions (like 2001) cause the money velocity to decrease.