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Post #179,744
by deSitter
Picture of deSitter
10/18/04 1:23:45 PM
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New funny
They don't care about illegal wars, dead and maimed soldiers, or bombed civilians, but man, throw a few trill' around and they get riled!
-drl
Post #179,773
by ChrisR
10/18/04 2:18:02 PM
Reply
New Guns or Butter
happened in the sixties - LBJ promoted the war on poverty and the war in southeast asia. Happening now, stalemate on government spending, cutting taxes and spending ourselves silly in the MidEast. May sound crass, but ultimately the fiscal irresponsibility is much more dangerous than the various military adventurism.
Post #179,836
by daemon
10/18/04 6:17:42 PM
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New Johnson paid for the war by increasing the money supply
that was the direct cause of the inflation of the seventies and the years it took to recover from that.
regards,
daemon
Post #179,845
by ChrisR
10/18/04 6:40:47 PM
Reply
New And this government is paying for it with borrowing
Which will have effects for decades to come, just as LBJ's policy did.
Post #179,876
by bepatient
Picture of bepatient
10/18/04 8:44:53 PM
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New Some of the issue
But the staggering increase in fuel costs put a strong push on inflation in the 70's as well.

The rapid increase in the money supply was offest partially by pretty decent econ growth while Johnson was in office. Its when we hit the skids in early 70's and Opec took over that the crap hit the fan in a big way.

If you push something hard enough, it will fall over. Fudd's First Law of Opposition

[link|mailto:bepatient@aol.com|BePatient]
     A conservative confesses: I'm voting Kerry - (lincoln) - (5) - Oct. 18, 2004, 01:10:46 PM EDT
         funny - (deSitter) - (4) - Oct. 18, 2004, 01:23:45 PM EDT
             Guns or Butter - (ChrisR) - (3) - Oct. 18, 2004, 02:18:02 PM EDT
                 Johnson paid for the war by increasing the money supply - (daemon) - (2) - Oct. 18, 2004, 06:17:42 PM EDT
                     And this government is paying for it with borrowing - (ChrisR) - Oct. 18, 2004, 06:40:47 PM EDT
                     Some of the issue - (bepatient) - Oct. 18, 2004, 08:44:53 PM EDT

Fear my pink line.
67 ms