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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: DavesM who wrote (693147)7/21/2005 11:47:01 AM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 769670
 
"I do not believe that the Fed alone is responsible for dampening the effects of the 2000 market crash."

Alone? No....

But mostly, YES.

All the fiscal effects of tax policy changes, for example, were DWARFED by the massive amount of liquidity unleashed by the Fed.