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Non-Tech : Deflation
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To: Maurice Winn who wrote (77)11/22/2001 4:22:01 PM
From: Oblomov  Read Replies (1) of 621
 
Maurice, you can't be serious about monetizing revenues. It wouldn't just hurt the USD, it would make the US into a 3rd world country.

There is nothing wrong with a little depression from time to time, whether economic or emotional. In fact, depression may be the healthiest emotional state one can experience in some circumstances. When depression (or euphoria) becomes too deep or too prolonged, it is unhealthy. But, many Americans have become afraid of normal business cycles. What we are experiencing now is just a consequence of the boom. What's wrong with it? Contraction follows expansion as naturally as the night the day.

I think that the cajoling by our rulers to go out and spend is both pathetic and dangerous.
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