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Non-Tech : Deflation
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To: pater tenebrarum who wrote (24)1/5/2000 5:58:00 PM
From: jwk  Read Replies (2) of 621
 
From your link: >>>...The excess credit which the Fed pumped into the economy spilled over into the stock market-triggering a fantastic speculative boom. Belatedly, Federal Reserve officials attempted to sop up the excess reserves and finally succeeded in braking the boom. But it was too late: ...<<<

This is the same Allen Greenspan who was just accused of looking the other way while Y2K worries were used as a ruse for expanding M3?

I noted also that the Greenspan article was reprinted from a book by Ayn Rand. Interesting.
I thought his attack on "Wefare Statists" was sounding a bit like John Gault.
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