Thread: Reaganomics
View Single Post
Old August 16th, 2012, 06:41 AM   #37 (permalink)
Senior Member
Join Date: Jan 2010
Location: CO
Gender: Male
Posts: 1,365
Device(s): GS3, Note 10.1
Carrier: Verizon

Thanks: 4
Thanked 129 Times in 97 Posts

My minor in economics is going insane right now.

Reaganomics actually works but it takes much longer. By stimulating the supply side (companies), by either lowering the fed rate, buying of bonds, or lowering the required ratio you allow banks to have more money to loan out. But the whole 90s boom was really just awful for this country; everywhere you want it was virtually no unemployment.

Yet unemployed people want to start their new job tomorrow but still need to reelect the same people that overturned the very acts that put us in this situation.
TJGoSurf is offline  
Reply With Quote