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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (62636)	6/17/1999 12:01:00 PM
From: Peter Goss	Read Replies (2) of 132070

Mike - You gotta love Uncle Al's arrogance: in his testimony he said that he was sure that a monetary response to a bubble bursting would be effective. In essence, "I am god of the universe, so the bubble will continue, because, when it breaks I will save the day with huge liquidity." Unbelievable. He knows it is a bubble but he is sure he will do better than in Japan or 1929 using the exact same tools which failed in both situations. Is he really that stupid? Peter

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