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

To: michael97123 who wrote (451796)	1/28/2009 9:53:56 AM
From: combjelly	Read Replies (1) \| Respond to of 1575181

"Nixon blew it in the 70s when he announced we are all keynsians." It wouldn't have made much difference. There was a structural problem, middle management. American corporations had grown top heavy and lost flexibility. Now, there was a very good reason why they did that, internal communication and control was a manual process fueled by paper. But, computers were getting cheaper and, sooner or later, they were going to change the way business was done on a fundamental level. So even if Nixon had done everything right and OPEC never had their embargo, we would have hit the wall.

To: michael97123 who wrote (451796)	1/28/2009 12:06:28 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1575181

Michael, > Today we have a president who for as much as one can understands the demand side nature of this recession. Thus the opposite remedy. This isn't a "supply vs. demand" argument. This is a problem of too much debt waterlogging the system. In other words, plain old overextending. And that applies equally to both the supply and the demand side of the equation. Classic thesis-antithesis-synthesis progression: Thesis: We're all Keynesians now. Anti-thesis: Supply-side economics. Synthesis (which becomes the new thesis): Fueling both supply and demand. New anti-thesis: Too much debt is bad. New synthesis: ??? Tenchusatsu