--- James Haney <[EMAIL PROTECTED]> wrote: > I think someone has to mention the nutty supply-side argument on this one.
There are several supply-side arguments. Taxes, regulations, litigations, etc., all impose excess costs. > The slowdown in economic growth seems to have coincided with the breakdown > of the Bretton Woods monetary system and the US abandonment of the gold > standard. It's connected, but not causally. The same inflation that led to abandomment of fixed exchanges to gold also helped cause other problems, along with other causes, during the 1970s. But there has been growth since 1982, so fiat money as such may impede but does not substantially halt growth. Fred Foldvary ===== [EMAIL PROTECTED] __________________________________________________ Do You Yahoo!? LAUNCH - Your Yahoo! Music Experience http://launch.yahoo.com
