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Politics : Ask Michael Burke

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To: Thomas M. who wrote (67890)9/18/1999 6:57:00 PM
From: Knighty Tin  Read Replies (4) of 132070
 
Tom, Other than non-sensical, not much to comment on. The Japanese miracle of 1950-1989 was built on savings, not credit. Credit is like steroids. It doesn't make muscles (economic growth) itself, it just allows you to recover faster from your workouts while it gives you brain cancer. He is mixing up the workout with the workout booster. The natural guys with the 19" arms (savings) may look puny compared to the 23" armed roid ragers (from credit extension), but their economies can live to collect social security. <g>
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