Toro
Diamond Member
- Thread starter
- #141
Fiscal policy was NOT the reason we had a boom during Clinton.
Monetary Policy helped; Greenspan kept rates low through important parts of the 1990's.
The internet boom did the rest.
That economy had NOTHING to do with fiscal policy.
Actually, it did.
Bonds rallied and interest fell once the bond market realized Clinton was serious about fixing the deficit.
And lower interest rates helps the economy.