"Tom Sixkiller" wrote in message
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"Tarver Engineering" wrote in message
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"Michael 182" wrote in message
news:SQ_Qb.116380$Rc4.910912@attbi_s54...

"Stuart King" wrote in message
. com...

W has turned the Clinton economy disaster around.

Up to this one I was just going to say, oh well, we just disagree.

Even my Republican friends complain that Bush's economic policies are
disasterous. The Dem's used to be labeled "tax and spend". The
Republicans,
under Bush, are the "borrow and spend" party.

Reflation was an absolute necessity, otherwise America was headed into a
decade long downturn like Japan.

www.mises.org/fullstory.asp?control=1363

Except reflation has worked this time.

What fails is Socialism as Reflation. Under that condition you get a
permanent Depression; like FDR.

http://www.mises.org/fullarticle.asp...d=298&month=12

Your second article misses the point entirely. Japan was willing to lend
money, but unwilling to accept imports. That combination makes it nearly
impossible to pay back Yen. Dollars are easy to earn and pay back.