Re: Re: Vaporware

[Michael Perelman]

Do you doubt your president, who said that the tax cuts were necessary to
stave off a recession?
On Tue, May 22, 2001 at 12:15:02PM -0400, Doug Henwood wrote:
> Michael Perelman wrote:
> 
> >It may be that the rational expectations of the tax cut have
> >succeeded in eliminating the downturn.
> 
> Five Fed easings - and 75 central bank easings worldwide since 
> December - probably had more to do with it.
> 
> Doug
> 

-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]