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

To: HPilot who wrote (843257)3/17/2015 12:19:36 PM
From: combjelly  Read Replies (1) | Respond to of 1574924
 
Price controls weren't until 1971. Still, you are going to ignore all of the other factors, including the collapse of Bretton Woods and blame the minimum wage on the problems? There were a lot of things going on, most due to "guns and butter" policies during the 1960s to pay for the cost of Vietnam. They basically used a "print and spend" approach to do that. It is related to the "borrow and spend" model used by Reagan, but the ill-effects surface sooner.



To: HPilot who wrote (843257)3/17/2015 1:48:22 PM
From: Broken_Clock  Respond to of 1574924
 
Yes, it took a few "mistakes" by Dems before the 'conservative' Reagan realized that being off the gold standard allowed him to spend tax dollars that didn't exist like a drunken sailor. He saw that US debt could be run to infinity as long as we threatened to jill anyone that stood against his maniacal plan. He set the pattern for every president since. How's that working out?


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