(no subject)

[andrewducker]

Why Reagonomics was terrible.

No, none of you care enough about economics to read it.

Comments

[sjdr.livejournal.com]

<complete and utter drive-by off of friendsfriends>

I do! Thanks for the link! ... not that I didn't already know most of this.

</driveby>

[guyinahat.livejournal.com]

I care plenty about economics, having done six years of it. Alas I'm not as knowledgeable on US economics, but I seem to remember that Reagonomics was also synonymous with 'talking up' the economy, which was one of the things he did do to some effect. The description of the Clinton policy sounds similar to supply-side economic theory, which was the latest thing when I first studued macroeconomics in '90. Not the same as WWII economic policy, but where we ended up after realising that Keynsianism and Monetarism were both flawed.

Reagon did do a very good job of helping to rnd the cold war by destroying the Soviet economy. If I could be bothered, I would try to find out how much they spent trying to counter Starwars. Heh heh.

[andrewducker]

Well, they did fund Battlestar Galactica...

Personally, I think that what Reagan did most to end the cold war was listen when Gorbachev said that he wanted to end it. Bush would probably not have listened...

[derumi.livejournal.com]

Which Bush?

GW would be telling us that God told him to nuke Russia.

[andrewducker]

Well, Bush the first seemed to have some idea of the concept of international cooperation.

[theferrett.livejournal.com]

If it wasn't for terror of Reagan, Gorbachew would never have been put into power. And Reagan did encourage the USSR to overspend, thus accelerating its demise. Thus, Reagan's responsible for both listening to the peace and creating the very strange conditions where it could flourish.

I don't like the man's politics, but that I'll give him.

[mcgroarty.livejournal.com]

Reagen engineered a controlled crash, true.

What most people seem to miss was that the Soviet economy was already a mess, and without having had to cry uncle, they would never had agreed to getting nuclear watchdogs in place on both sides. The nuclear situation would have been far, far worse if control and maintenance of the Soviet arsenal had deteriorated unchecked with the rest of that economy.

Reagan did a lot of bad things, but we may never know just how good this one was.

That said,

I've been gloating over Reagan's ill health for years now, and I'm glad the evil bastard's body has finally died, and thank the gods they're interring his rotting meat at his own Presidential Library instead of stinking up the sacred soil of...

I care plenty about economics, but I'm not reading that hateful horseshit.