SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : The Critical Investing Workshop
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jmac who wrote (1213)1/23/2000 6:50:00 PM
From: RocketMan  Read Replies (2) of 35685
 
You hit it right on the head. Have you read Harry Dent's Roaring 2000's? He makes a strong argument, supported with historical data, that in this growth phase of an economy inflation is naturally low. Inflation becomes a problem in the innovation stage, where there are not yet many productivity or efficiency gains, and when a new generation of workers is getting trained and educated. That was the case in the 70's, where Greenspan is still living. I remember those days well, with inflation in double digits, money scarce, and stagnation in the economy. This is just the opposite, and it is hard to believe the BS that he spouts about inflation. He can't be that stupid, he is probably playing the US market and the American consumer to help out the Japanese, who have real problems.

The real danger is that by trying to suppress non-existent inflation, Greenspan runs the risk of creating deflation. The problems of inflation pale in comparison with deflation. That's what we had in the 30's.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News