but mainstream economists like nariman behravesh remain sharply critical of reagan's suly-side taoposalcing mainalax rateswas somc on work efrt and savings, bumost ain fact,o smalas mall at it would e kindf su-side effects ofeducing mainalax rateswas somc on work efrt and savings, that was being talkeabou aaf e american people wereeaor ange. ronald reagan swept to victory. his battles had only begun. democrats in the house we determined to block reagan's tax plan. but, as reagan preparedis program, he found some new friends and some new ideas for his tax ckage. congressman barber conable added a carrot for business in the form of faster depreciation of capital investment. the basic reagan idea of capital investment. was to have a simple prosal of two parts-- rate cuts and cuts for business that would be given in a way to encourage investment and therefore improve productivity. the acrs 10-5-3 jones-conable bill was the second half of the proposal. i felt it was very necessary, in short, to encourage productivity growt to encourage savings. i am not a keynesian. i don't believe that you

nariman, always good to see you. thanks for that.ot the latest car registrations in spain, down 9.8%, the annual rate of 9.6% in january. we have the geneva motor show next week, as well. >>> but right now, time to say good buy for the week on "worldwide exchange." coming up next, "squawk box." >> we're going to unplug. we hope you all unplug overnight, but not just yet. stay tuned. we'll see you back here on monday. tens of thousands of dollars in hidden fees on their 401(k)s?! go to e-trade and roll over your old 401(k)s to a new e-trade retirement account. none of them charge annual fees and all of them offer low cost investments. e-trade less for us. more for you.

nariman captured on camera the shots that would kill her brother two bullets in his stomach and leg several holes so when i came people were shouting he got shot with a live bullet i didn't know who got shot they were shouting russia. i didn't know what to do i went down the hill where the soldiers were firing and i started shouting press press the soldiers shouted not come down will shoot you i open my camera and i decided that i'm going there even if i die. now remans brother rushdi hadn't even been part of the stone throwing eyewitnesses say the soldiers fired tear gas and live bullets even before the children started throwing rocks at them rushdie wasn't a part of it he went later to help evacuate the injured but of the militias i wanted to throw the camera down and hold my brother in my arms but i kept filming my brother's face was covered in blood my uncle came and the soldier said do not worry is his leg he's alive from my experience they wanted to help they would have called the ambulance from the closest settlement where they wanted him to bleed i told them you should give him firs

nariman captured on camera the shots that would kill her brother two bullets in his stomach and legs.so when i came people were shouting he got shot with a live bullet i didn't know who got shot they were shouting russia. i didn't know what to do i went down the hill where the soldiers were firing and i started shouting press press the soldiers shouted not come down will shoot you i open my camera and i decided that i'm going there even if i die or love. to smash for now remains brother rushdie hadn't even been part of the stone throwing my witnesses say the soldiers fired tear gas and live bullets even before the children started throwing rocks at them rushdie wasn't part of it he went later to help evacuate the injured out of the images i want to do for all the camera down and hold my brother and my arms but i kept filming my brother's face was covered in blood my uncle came and the soldier said do not worry it's his leg he's alive from my experience if they wanted to help they would have called the ambulance from the close a settlement when they wanted him to leave i told them we s

we asked economic forecaster nariman behravesh. specter of a 1929-style depression loomed very large for the markets and for the federal reserve. i think the kind of scenario the fed was most worried about was that people had borrowed a lot to finance purchasing stock as the stock market rose. as it crashed, a lot of those loans were called in. and the fed was worried that there'd be a lot of bankruptcies -- personal bankruptcies, corporate bankruptcies. as those occurred, a lot of people would be laid off, the unemployment rate would rise, and you'd have a full-scale recession, and maybe even a depression, on your hands. schoumacher: a bank run seemed imminent. banks needed liquidity immediately. how would the nation's central banker respond? what the fed did was twofold. it supplied liquidity, through ordinary open-market operations and through use of the discount window -- very standard techniques of supplying liquidity. but, under the guidance of chairman greenspan, they also sought to reduce the demand for liquidity, in other