Wednesday, September 24, 2008

The 40 year flood

The 40 year economic flood...

In 1971, Vietnam and unpopular president.... We decided to punish the "fat cats" who ran the companies and were taking advantage of us. In reaction our legislative branches implemented "price controls" which Caused an economic death spiral of price/Wage spirals, in a feedback loop that pushed us through 10 years of what was an economic depression. from 1971-83

It is these Misguided, Populist reaction to a crisis.... is what causes the 40 year flood.

to not realize "The fat cats" and the economy and your job... are disconnected.

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