An Economic Generation is About to End II

                                An Economic Generation is About to End II  

                                                                by                                                                                                                      Charlie Champion

                                                             PART II

     The two linchpins of this economic initiative were the manipulation of the money

supply, and adjustment of interest rates to control Inflation. To orchestrate this, Reagan

nominated Alan Greenspan to be Chairman of the Federal Reserve.

     President Reagan was forced to pull the Democrats along, kicking and screaming .Lowering

taxes and reduced spending were difficult concepts for “tax and spend” Liberals to grasp ..

     Reaganomics proved to be a successful economic system for its time.

     Under the bi- partisan leadership of Federal Reserve chief ,Alan Greenspan, our economy has

sustained several scandals and two notable “bubble” disasters.Despite these periodic spikes of excessive speculative expansion, the economy has continued to thrived for almost 25 years, eiyher in spite of or  due to the Federal  Reserve’s increasingly excessive application of monetary manipulation.

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