I do not believe it is a coincidence that McKelvey's forced removal from his post as Director of the U.S. Geological Survey, which is unprecedented in its history, followed closely on the heels of an important speech given by McKelvey to the TSAI forum in Boston on June 13.
Kemp criticized the removal of McKelvey after his optimistic energy speech.
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So Paul Volcker brought down inflation with a very tight monetary policy. And Ronald Reagan deregulated and cut tax rates, not taxes, tax rates.
The rich ended up paying more taxes. I think 55 percent of all tax revenues to the federal government are paid by that top 2 percent of people in this country.
Yes, it really did. I heard the previous speaker say that the economy had high unemployment and high inflation at the same time. And the simultaneity of inflation/unemployment could not be met by conventional methods of Keynesian Economics.
I believe that this treatment of any Government official who deviates from the official administration line that the United States is on the very brink of running out of energy is an absolute scandal.
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