General Discussion
In reply to the discussion: Since when did Bill Clinton's Presidency become [View all]I think you mean the 20th century.
The problem is that the prosperity was a mirage. Do you really want easy money that leads to yet ANOTHER bubble that impoverishes yet more people? That's the entire problem that people have with the Clinton years. It was a chimera. It was built on bullshit and his bubble popped as soon as enough people woke up and realized they'd lent money to idiots with websites and no business plans. Not only that, but they'd fueled an orgy of M&A activity that sought "synergies" by laying people off left and right. Or did you forget that part of the 90s?
I'm no advocate of a hard money policy, but only an idiot wants to go back to the "good, old days" of Alan Greenspan greasing the skids for every two-bit huckster with a line of bullshit to sell. I'd prefer a rational monetary policy based on extending credit to actual productive businesses than tossing free cash to Wall Street to lend out for speculative purposes. Well, lending when they're not actively creating the speculative purposes I should say.