US stocks when measured in other currencies and commodities have been in a bear market since 2000. When priced in gold the DOW was as of 1/2008 down...
You're stepping into dangerous territory when you try to assume the thoughts behind a man's actions. It's doubtful Greenspan even considered himself...
I didn't say Reagan wasn't popular. A monstrous deficit, tax increases, the turning of the US from the world's largest creditor nation to the...
What that chart doesn't show you is government spending as a percentage of GDP, the criticsm of increased government spending includes the...
That's a wartime unemployment rate that benefited with the draft and increased government contracts for war materials. Not exactly something to...
The economy did recover and your unemployment figures are off. The rate went from being 11.71% in '21 to 6.7% in '22 to 2.4% by '23. If that's not a...
I'm sorry but your post is completely incorrect. The market determined that the financial institutions were not worth their value and their stocks...
There's no need to do away with banks, just keep them honest. Doing that means removing them from the safety of the government and allowing people to...
More fantasy. Hoover was a massive interventionist at the time who increased government spending, created job programs and tried to prop up failing...
Ridiculous answer, by this logic the US economy would've been dead and buried with the severe depression of '19-'21 when the government did pretty...
Fine, if we're dealing with absolutes then I guess your earlier statement is correct... but also useless. desi wasn't trying to say that capitalism...
I don't swindle people, and don't believe in promoting corruption. Do you? While desi might have a very idealistic view of capitalism, I don't know,...
What're you talking about? Greenspan started as chairman in 1987 and he immediately began his MO of providing liquidity to financial institutions in...
This is coming from the same McCain that helped create and voted for the first pork filled TARP bill? I swear, the fucking nerve of these...
Now that's a little extreme. A major reduction in military with the myriad bases around the world closed and all the troops brought him however is...
Defender of the Constitution? Please. Tell Mr. Limbaugh to get back to me once he starts railing against undeclared wars and the Federal War on Drugs...
Good point, I made the mistake, at the time of voting, of underestimating the amount of new inflation that was going to take place. I'll clarify now...
Joe, further evidence that this is more of the same and that government is still in the complete anti-capitalist business of killing competition and...
This is the basic problem, the financial system shouldn't be treated as some sort of untouchable holy grail. Banks shouldn't be treated as risk free...
Ah, sorry Billy T; mistake was all mine. Since my post was a direct response to joe's (23), I thought you were referring to that in your response to...
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