To: Paul Heinzman
Volcker's legacy as an incompetent Fed Chairman is only eclipsed by Jimmy Carter's legacy as an idiot president. They were the dastardly duo that brought us the "misery index." And it was misery.Agreed. It was.
The only thing good that happened was that Volcker tried so hard to make the recession worse...he inadvertantly helped Reagan kill off inflation (I am convinced if he knew it was going to work, he would have done something else to try and fail)...which was really just Raging when he got in.
11 posted on
09/19/2008 4:44:56 PM PDT by
Paul Ross
(Ronald Reagan-1987:"We are always willing to be trade partners but never trade patsies.")
To: Paul Ross
The only thing good that happened was that Volcker tried so hard to make the recession worse...he inadvertantly helped Reagan kill off inflation Volker killed off inflation. Reagan stepped into the financial vacuum with supply side money which was desperately needed and worked wonders. What is needed now is another Volker (or Volker himself), then another Reagan. But, we'll end up with a Nixon and another moron like Burns. Come to think of it, BERNanke - BURNs, makes sense.
12 posted on
09/19/2008 4:50:30 PM PDT by
palmer
(Some third party malcontents don't like Palin because she is a true conservative)
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