"I remember a time when the nation was at peace, its economy driven by technical innovation and stable markets allowing the accumulation of investment capital. Interest rates and unemployment were near historical lows, wages and productivity rose almost as steeply [as] the stock market. Talk of investment banks going broke or market meltdowns was rare to non existent. And no one had to write columns begging people not to compare the economy to the Great Depression. It sounds like a conservative wet dream, but it was actually called the Clinton Years." Darksyde |
September 15, 2008
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