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Politics : Ask Michael Burke
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To: BGR who wrote (72885)1/5/2000 10:48:00 AM
From: Knighty Tin  Read Replies (1) of 132070
 
BGR, Not much. Real growth doesn't cause consumer price inflation. Monetary recklessness and/or commodity shortages cause consumer price inflation. In the case of Europe, they have been fairly responsible monetarily. In the U.S., our monetary irresponsibility has been translated into bloated asset prices, as their is no real capital investment in economic productivity.
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