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Politics : Formerly About Applied Materials
AMAT 223.95+1.7%Nov 21 9:30 AM EST
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To: Sam Citron who wrote (43487)3/11/2001 5:06:27 PM
From: michael97123  Read Replies (1) of 70976
 
Sam,
When I read this article my first thought was that he had no solution. Read Paul Krugmans column as well. Paul is a liberal and anti-Bush tax cut as relates to its size, highest rate and death tax. In this article he takes AG to task for being paranoid over a point of inflation to a point that he has thrown US economy into recession. His solution is quickly lowering interest rates further, NOW. He also criticizes that Japanese for not reinflating(printing money) to end their decade long recession. Some inflation is a good thing in a recession. Trick is to keep it under control. A little looser money during our bubble might have led to a soft landing. AG to heavyhanded in frighting inflation in Krugmans opinion. Mike
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