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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (67078)9/1/1999 11:16:00 AM
From: per strandberg  Read Replies (2) of 132070
 
MDB,

Re: Inflation/Deflation

We have gone through periods that were
characterized as stagflation, stagnating economic activity
and at the same time double digit inflation with high interest rates.

Stepping on the brakes too late and too hard can cause this,
as AG knows very well. If the brakes fade and the motor stalls,
there will be a run-away car without control.

I hope a lot of people in high places read Richebacher.

Regards
Per S
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