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Politics : Ask Michael Burke
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To: Mike M2 who wrote (74310)1/23/2000 5:52:00 PM
From: Tommaso  Read Replies (3) of 132070
 
I have been corresponding today (email) with Rodger [sic] Doyle who wrote a column in Scientific American that parallels in its outlook things we have been saying here. I sent him the latest Fed figures for the money supply, and he agrees that they are shocking. Hhe seems to think that the dollar might well collapse simply from a loss of confidence in it. That would mean immediate inflation, in which case the kneejerk fed reaction would be to raise interest rates to "stop inflation" and that=catastrophe for finacial markets.

I have not researched Doyle's standing as an economist, but generally the Scientific American only relies on the soundest sources.
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