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Author: tc001 Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: Re: Crystal Ball (the future?) Date: 4/22/1998 12:23 AM
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My sense of humor (or lack of?) seemed to spark some serious responses. Let me respond with a couple of (somewhat) serious replies.

<<I suspect that neither Reagan nor Clinton created any of the jobs in our economy. They were created by entrepreneurs and other sorts who were willing to work hard and take on risk to start or expand a business.>>

Do you see any connection between risk/reward and tax rates? The *short* story from the economic perspective is that free markets foster entrepreneurship. Lower taxes are a clear indication of market freedom (although not the exclusive indication). One of the largest areas of control over the economy that Presidents can directly influence is tax rates. Reagan lowered them. Clinton raised them. Read chapter two for tomorrow and be prepared for a short quiz. Class dismissed.

<<There is at present a shortage of MBAs...>>

Hey, no talking in the back of the class. Now before you run off to get an MBA, here's something to think about. A significant (sadly enough) number of people coming out of undergraduate programs can't perform well in reading, writing, or arithmetic. It used to be that a high school diploma was proof of proficiency in those areas. If MBAs are in demand, it's only because of the devaluation of our educational standards (don't get me started on the NEA).

In addition, only one third of the schools granting MBA degrees are AACSB accedited. All schools combined churn out (I think) about 80,000 MBAs a year. So there are plenty of MBAs around that I wouldn't let operate on me... whoops, wrong profession... I mean... operate my business. What you probably meant to say was that there is a present shortage of *quality* MBAs. Now, go back to studying for your econ quiz.
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