In response to:

The Mitt Boom Liberals Will Hate and Libertarians Will Pretend To

johnm h Wrote: Oct 29, 2012 6:46 AM
With Obama we get stagnation and gradual and inevitable decline. With Romney we will get a monetary crisis as private sector credit expansion balloons the money base. The crisis will lead to inflation, followed by high interest rates, deteriorating current account, gradual correction of the underlying real economy and the hope for a more prosperous future. The issue is will Romney have the guts to stay the course? Reagan enjoyed the contraction and correction caused by Volker. Romney wont be so lucky.
johnm h Wrote: Oct 29, 2012 7:09 AM
balloons the money base into a significant increase in the money supply.
jmonaco Wrote: Oct 29, 2012 3:18 PM
johnm h --

Understood. I suspect your cursory analysis is the correct one.

Like the hostages jetting from Iran the day Reagan raised his right hand, America’s economy is about to bust its chains.

Not everyone will celebrate, even though they should.

America wants to recover.

In all our history, recoveries follow crashes. Usually, the deeper the dip, the steeper the climb back out. The only crisis with a recovery worse than Obama’s is the one that led to policies even more collectively transformative than his.

Builders, growers, producers, achievers—that is, employers--don’t know whether the next blow from the White House will aim at their taxes, their energy, their emissions, their employees’ tort rights,...

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