{"id":20700,"date":"2016-05-18T19:11:02","date_gmt":"2016-05-19T00:11:02","guid":{"rendered":"http:\/\/olduvai.ca\/?p=20700"},"modified":"2016-05-18T19:11:40","modified_gmt":"2016-05-19T00:11:40","slug":"no-more-twofers-why-the-vaunted-clinton-prosperity-of-the-1990s-is-a-risible-myth","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=20700","title":{"rendered":"No More Twofers\u2014\u2014Why The Vaunted \u201cClinton Prosperity\u201d Of The 1990s Is A Risible Myth"},"content":{"rendered":"<header>\n<h3 class=\"entry-title\"><a href=\"http:\/\/davidstockmanscontracorner.com\/no-more-twofers-why-the-clinton-prosperity-of-the-1990s-is-a-risible-myth\/\">No More Twofers\u2014\u2014Why The Vaunted \u201cClinton Prosperity\u201d Of The 1990s Is A Risible Myth<\/a><\/h3>\n<\/header>\n<div class=\"entry-content\">\n<div class=\"pf-content\">\n<p>That Hillary Clinton has\u2014\u2013unaccountably\u2014\u2014stood by her man for 40 years is her particular foible. But now she wants 320 million\u00a0Americans to stand by him, too, by electing her President so she can make Bill the nation\u2019s\u00a0economic czar:<\/p>\n<blockquote><p>During a speech in Kentucky Sunday she referred to \u201cmy husband, who I will put in charge of revitalizing the economy\u00a0<em><strong>\u2019cause he knows what he\u2019s doing.\u201d<\/strong><\/em><\/p><\/blockquote>\n<p>Actually, he doesn\u2019t.<\/p>\n<p>Herein follows a two-part\u00a0essay on why Bill and Hillary Clinton\u00a0had precious little to do with the vaunted prosperity of the 1990s, and why another twofer would be exceedingly bad for the nation.<\/p>\n<p>In truth, it\u00a0was the doing of Alan Greenspan, and not in a good way.<\/p>\n<p>In fact, the roaring tech era\u00a0prosperity was but an old fashioned crack-up boom. That is, a simulacrum of prosperity that was an artifact of monetary inflation and financial\u00a0speculation. It was not merely unsustainable; it was guaranteed to boomerang against the future, and it has in spades.<\/p>\n<p>In fact,\u00a0the Greenspan Boom was the very\u00a0fount\u00a0of the\u00a0financial toxins which have plagued this century.\u00a0To wit,\u00a0the housing and credit implosions after 2007, the stock market meltdown and the\u00a0collapse of the Wall Street gambling houses in 2008-2009, the disabled,\u00a0stall-speed main street\u00a0economy\u00a0since the crisis, the unspeakable windfalls to the 1% enabled by NIRP and QE and the desperation\u00a0in the flyover zone of America that begat Donald Trump\u2014-all\u00a0had their roots in the 1990s monetary perfidies of Easy Al.<\/p>\n<p>None of the\u00a0Cool-Aid drinking\u00a0\u201ceconomists\u201d of Wall Street or Washington are capable of exposing the Clinton Prosperity myth, even if they were politically\u00a0inclined.\u00a0That\u2019s because they are linear-thinking paint-by-the-numbers practitioners of\u00a0one or another form of the\u00a0Keynesian gospel.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>No More Twofers\u2014\u2014Why The Vaunted \u201cClinton Prosperity\u201d Of The 1990s Is A Risible Myth That Hillary Clinton has\u2014\u2013unaccountably\u2014\u2014stood by her man for 40 years is her particular foible. But now she wants 320 million\u00a0Americans to stand by him, too, by electing her President so she can make Bill the nation\u2019s\u00a0economic czar: During a speech in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[952,4850,122,3741,5979,2120,303,1120,3650],"class_list":["post-20700","post","type-post","status-publish","format-standard","hentry","category-economics","tag-alan-greenspan","tag-bill-clinton","tag-central-bank","tag-clinton","tag-contracorner","tag-david-stockman","tag-fed","tag-hillary-clinton","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20700"}],"version-history":[{"count":3,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20700\/revisions"}],"predecessor-version":[{"id":20703,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20700\/revisions\/20703"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}