PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: American Spirit who wrote (51164)	10/24/2000 12:39:20 AM
From: Les H	Read Replies (1) of 769667

The only reason inflation has been under any restraint is that we've had several overseas recessions/depressions/panics during this decade. Latin America in the early 90s, Mexico in 1994, Asia in 1997-1999, and so on. Kick in the 1.5 percentage points that the Boskin Commission recommended that the BLS "fix" the CPI, you have your "low" inflation scenario. That "fix" has provided most of the surplus along with the market bubble fueled by easy credit and foreign money.

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