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From: mmt@dciem.UUCP (Martin Taylor)
Newsgroups: net.politics
Subject: Re: A Response to Jeff Myers Note
Message-ID: <230@dciem.UUCP>
Date: Fri, 27-May-83 14:48:04 EDT
Article-I.D.: dciem.230
Posted: Fri May 27 14:48:04 1983
Date-Received: Fri, 27-May-83 14:52:48 EDT
References: trw-unix.207
Lines: 20

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Let me end with a lesson from history.  Laissez-faire capitalism is the
only form of economy in history that has coincided with freedom and
prosperity.  The unending cycle of stagflation and recession that we
have been suffering for nearly 20 years is a direct result of having
abandoned such an economy.

                                Prudence
                                ucbvax!trw-unix!prudence
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Prudence ought to try to live up to her name before making such sweeping
statements about imaginary history. Laissez-faire capitalism has coincided
with freedom and prosperity for a very few, misery and slavery for the
very many. Furthermore, it is a very strange view of the last 20 years
that calls it an "unending cycle of stagflation and recession!" Until
the huge jumps in oil prices, things were doing pretty well, in my memory.
The really bad problems didn't start until Reagan tried to destroy the
US (and non-US) economies with such gusto.
	Martin Taylor