Copley News Service, 02/27/2001
Neither tax cuts nor interest rate cuts, as desirable as both may, be can stop the economy from shrinking, given current monetary policy by the Federal Reserve Board. We are up to our ears in a historically rare monetary deflation that will force prices and wages to fall just as monetary inflations require prices and wages to rise. It is the result of Alan Greenspan's overzealousness during these last four years of economic growth, the result of the Republican tax cuts of 1997 and the Internet-driven productivity surge.