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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (18146)9/13/2000 10:10:33 PM
From: Thomas M.  Read Replies (1) of 436258
 
Interesting, though long-winded, discussion on inflation vs. deflation. To summarize, he makes the contention that the 1920s bull market ended in deflation because we were a creditor nation. The same goes for Japan. Now, however, we are a debtor, so when the bubble bursts it is in our interest to inflate.

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