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From: mck@ratex.UUCP (Daniel Kian Mc Kiernan)
Newsgroups: net.politics.theory
Subject: Business Cycles -- Note to Gadfly
Message-ID: <1146@ratex.UUCP>
Date: Tue, 7-May-85 17:10:58 EDT
Article-I.D.: ratex.1146
Posted: Tue May  7 17:10:58 1985
Date-Received: Wed, 8-May-85 05:30:47 EDT
Organization: Squids R Us
Lines: 12
Keywords: fourier


Comment of Gadfly:
>[...] Capitalism has its strong points, but the misery brought
>about by boom-and-bust overproduction is not one of them.

Business cycles are indeed not a strong point of Capitalism; nor are they a
weak point.  They are, in fact, not a point of Capitalism at all, but rather
of government manipulation of the money supply which distorts patterns of
savings and investment.

                               Back later,
                               DKMcK