Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Frodo Baxter who wrote (7475)	11/13/1998 9:09:00 AM
From: Sam	Read Replies (1) \| Respond to of 9980

LK, Glad you read it. We must have read different versions, since mine is subtitled "The Inside Story of the Reagan Revolution", and contains the story I related. I'll try to find the page cite over the weekend, time permitting. "It's funny how a bleeding heart neoKeynesian like you <g> would so heartily recommend a book by an unabashed hard money supply sider." Yes, well, he makes a lot of sense. "NeoKeynesians", as you correctly label me, don't commend wasteful government spending any more than Stockman. That is a caricature that Republicans have hurled at Democrats for a long time, at least since Roosevelt and probably before. Not that Democratic politicians haven't been guilty, but Republican politicians are at least as guilty. As you say in the end, "Everybody else was gutless, venal, demagogic, pork-pushing, stupid, or some combination of the above. In short, they were politicians." As I recall the book, Stockman recommended raising taxes given the fact that the military buildup was considered politically necessary. Also, even though we are living with the debt buildup from that period without apparent effect, it sits like a syphlitic virus in our system, ready to burst after years of dormancy. I'm not sure that the verdict is really out yet about its longer term effects. Minimally, it limits any flexibility we have in dealing with future crises (which may be coming sooner than we would like).

To: Frodo Baxter who wrote (7475)	11/13/1998 10:14:00 AM
From: see clearly now	Respond to of 9980

"not only were all of Reagan's speeches written for him, but that before each speech, a handler would drop flat rubber "feet" on the stage leading to and from the podium, which showed Reagan where he should walk to enter and exit. Reagan was following in other people's footsteps. He was always a genial, grandfatherly tool." ..it was a great movie and he played his best role ever...they never did list the credits including the producer and director but I would guess you all know!