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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (294502)	7/12/2006 5:13:57 PM
From: combjelly	Read Replies (1) \| Respond to of 1571785

"Growth comes from the private. sector not the government." Oh duh. So? Government policy can have a large impact on that growth. Diddling with the discount rate, for example, can have great influence on growth. Managing the discount rate lets the government try to balance growth versus inflation. Keeping that balance as well as possible means we have a cycle of economic expansion followed by generally mild recessions. When uncontrolled, the peaks are higher, but the troughs are much deeper and the whole cycle is a lot shorter. "there was also less regulation on business back then" You don't know much about recent history, do you? We are talking about the 1980s, not the 1800s.