Is Greenspan solely responsible for the economy boom of the 90's?

Well, sure you are if you don’t happen to be one of the workers in the coat factory that is now out of a job 'cause the company can pay workers $.50 an hour to make the coat in China! But workers here, in that and related industries, could experience job loss and/or downward pressure on wages. As has been pointed out, this is what happens when there is freedom of movement in capital with no corresponding freedom of movement in labor.

Again, great for some. But not so great for others.

Man, jshore, if I didn’t know better I’d say you wanted to abolish profit.m :wink:

Hey, who needs profit anyway!?! Wasn’t the CEO of Amazon.com on the front cover of Time Magazine last year? Has that company ever made a profit? :wink:

not to hijack my own thread but how the heck does Amazon stay in business? Could they get that much from sponsors alone?

Anyway, Thanks everyone for the wonderful input. I think, to sum up what I’ve read here, that it seems clear that the country’s economy cannot be reduced to a single variable or person. It is a very, very complex system and requires one to take into account multitudes of variables to accurately understand it.

To keep the conversation going though, could anyone attempt to narrow it down to what you believe to be oh, say, the 3 most important variables, those having the most influence on the economic boom of the 90’s?
I’ll repeat myself - “I know nothing”, but I’ll start with:

  1. The internet & computer technology
  2. Greenspan
  3. obfusciatrist’s sock-buying uncle