it is currently an economic truism that the great depression ended because of government spending programs and that it lasted as long as it did because beyond a certain point people don't spend their money they save it. Often in Swiss banks :) If true this does not bode well for the strategy of tax cuts for the rich.
Of course, paradigms have been disproven before.... Dana On Tue, 9 Nov 2004 11:18:23 -0500, Harkins, Patrick <[EMAIL PROTECTED]> wrote: > The theory I've heard is that "these things aren't exact" and that we are > enjoying a brief reprieve.... Don't know what to think of it... > > >-----Original Message----- > >From: dana tierney > > > >I think it boils down to this - Either Keynes was completely wrong or > >current economic policy has no proven basis in reality > > Outbound email scanned for viruses. (e232) > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Special thanks to the CF Community Suite Gold Sponsor - CFHosting.net http://www.cfhosting.net Message: http://www.houseoffusion.com/lists.cfm/link=i:5:134866 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
