Johnson paid for the war by increasing the money supply

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Post #179,836 by daemon 10/18/04 6:17:42 PM Reply	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	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 10/18/04 8:44:53 PM Reply	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

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Every 3-4 episodes they would finally attack each other and some stupid aerial melee would begin with missed attacks inevitably shattering backdrops while direct hits only propelled the enemy into backdrops for shattering.
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