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Your taking me back to the good ole days before 1933. How Nostalgic! gets me all weepy eyed..

It was an attempt to humor you, apparently unsuccessfully, by combining both a different time frame, because you had objected to exGOPer's deficits by year, and you made everyone that wants to relate deficits to GDP feel bad. So I just combined a different time frame with deficits relative to...

You've confused me with someone else. Most definitely, I am not an Economist! But I am most definitely a student of economics.

We are on different wavelengths here. I am not referring to normalizing the Fed Balance sheet which may take a very long time.

You may have forgot already! The Congress is the Horse, the Fed is only the cart.

Really not a very good analogy. Arson is illegal. It isn't illegal for the Fed to screw up and then justify with mumbo jumbo! Greenspan was a master at it.

You've missed it. I have posted extensively on the role Greenspan played, and hence the fed. Because the Fed screwed up hopelessly at least twice since 1913 and at least one other time (the Volcker Fed), just not quite so hopelessly that time, does not mean that they are always standing around...

My memory is different. In the 106th Congress, as I recall, the Republicans Controlled the Senate,; not the democrats as you have stated. I was quite sure you were wrong as you usually are. But I had to look it up because my instant recall of Senate votes 18 years ago is spotty at best. The...

intellectual (adj.) ; intellectually (adv.)

That would be a good subject for a political scientist's dissertation.

I'll accept that, maybe 99% is a touch high..

Go easy on these guys, they don't know any better. And besides not every Not every tractor driver is stupid. :D http://archive.boston.com/bostonglobe/obituaries/articles/2008/12/20/carol_chomsky_at_78_harvard_language_professor_was_wife_of_mit_linguist/?page=2

But let's not forget it's the Congress not the President. Getting Rid of Glass Steagal was a thoropugly Republican effort, Gramm Leach Bliley. It was a few Democrats that opposed. They stood on the Senate floor and predicted exactly what would happen. And they were right! I do recognize...

Exactly. That was a point I tried to make with an earlier post, but it fell on deaf ears. (Not yours, we are in agreement here.)

I have no idea. Is it true. In any case that's State finances. Not Germane here.

Max, your a smart guy, so I know you are familiar with what heavy deficit spending does to GDP, particularly outside of recession. Anyway I happened of this ver interesting and highly entertaining article http://zfacts.com/p/318.html That's where I found this cute image. The little...

No problem young man. Lets do it your way and compare total deficits for the entire presidency. To make this more fun lets compare the more recent democrat and Republican presidents. :D

you are giving the fed way to much credit. The fed, of course, played a critical role in allowing the crisis to occur in the first place. When it did occur, as we know, there were major bank failures and many smaller banks also failed. Because of our federal reserve system and the F.D.I.C...

I think you are confusing the debt with the deficit. Why am I not surprised?

this is utter fantasy, but popular fantasy none the less. The movie version may be released soon, watch for it in a theater near you. Jem, I agree that there are significant differences in the Reagan and Trump cuts, however they both leave the greater part of the excess money left to circulate...