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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (59014)1/18/2001 12:11:23 AM
From: Moominoid  Read Replies (1) of 436258
 
I agree with most of what you say in that post. I'm not arguing with corporate debt and bad investments being a potential major problem. I do think the US system is better structured to work its way out of these problems (like the S&L crisis and various farm crises) than systems like Japan.

As I've said maybe the inflation figures are understated. But the amount they can be understated by isn't as big as is being thrown around in the articles and some posts here or the numbers simply don't add up with obvious realities. On the other hand, I think quality adjustments are the right thing to do to compute true inflation but of course they can be done poorly and incorrectly.
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