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

To: carranza2 who wrote (126595)7/21/2005 4:21:48 PM
From: michael97123  Read Replies (1) | Respond to of 793670
 
C2
Twin deficits may be what brings us down but this is no sure thing. China defloating the yuan helps the trade deficit, helps US exports and thus US tax collections. There is so much going on in the global economy and its all interrelated. Not everything that is disfunctional lt is disfucntional st. And as Keynes said "in the long run we are all dead". So i wouldnt be making bets only on the doom and gloom scenario. We were going to hell in a handbasked after LBJ--Carter deficits and especially after reagan tax cuts. But voila Reagan led to clinton surplus. Time now to reign in spending yes--and in a few years some dem pres will take credit for surplus. mike



To: carranza2 who wrote (126595)7/21/2005 8:06:06 PM
From: JohnM  Respond to of 793670
 
Yes, I do read Gross, as well as Roubini and Stetser, who have one of the best, if not the best, macroeconomics sites on the web:

Thanks for the link. Look's fascinating.

I've been told that the best person to read on this is John Taylor, an economist at Stanford, who was in the Bush Treasury Department from the beginning. I think he's back at Stanford now but am not certain.


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