An ultra-left LOSER. Like most socially misfit DemocRATs, Bret lives
alone in a one-room apartment:
Bret E. Cahill (56+)
649 Main St, Apt 226
Brawley, CA 92227
Bret tried to sue the gov't and got stomped on like an insect. Ever
since that crushing humiliation he has hated himself, everybody else,
and America.
BRET E. CAHILL, PETITIONER
v.
UNITED STATES DEPARTMENT OF LABOR, ET AL....
CONCLUSION
The petition for a writ of certiorari should be denied.
http://www.justice.gov/osg/briefs/1995/w951444w.txt
Note that when you reply to a Proven Liar you encourage them to
continue lying.
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The DemocRAT Hall Of Shame
http://www.democrathallofshame.com/ asks
"Why do you always LIE?"
On Tue, 10 Nov 2009 10:00:24 -0800 (PST), Bret Cahill
<
BretC...@aol.com> wrote:
>Taxes were too low and interest rates were too high which is what
>caused the stagflation.
Oops! CAUGHT LYING, again...
Stagflation is an economic situation in which inflation and economic
stagnation occur simultaneously and remain unchecked for a significant
period of time.
Economists offer two principal explanations for why stagflation
occurs. First, stagflation can result when an economy is slowed by an
unfavorable supply shock, such as an increase in the price of oil in
an oil importing country, which tends to raise prices at the same time
that it slows the economy by making production less profitable. This
type of stagflation presents a policy dilemma because most actions to
assist with fighting inflation worsen economic stagnation and vice
versa. Second, both stagnation and inflation can result from
inappropriate macroeconomic policies. For example, central banks can
cause inflation by permitting excessive growth of the money supply,
and the government can cause stagnation by excessive regulation of
goods markets and labor markets. Together, these factors can cause
stagflation; equally, either can, if taken to such an extreme that it
must be reversed. Both types of explanations are offered in analyses
of the global stagflation of the 1970s: it began with a huge rise in
oil prices, but then continued as central banks used excessively
stimulative monetary policy to counteract the resulting recession,
causing a runaway wage-price spiral.
http://en.wikipedia.org/wiki/Stagflation