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Politics : Ask Michael Burke
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To: John Pitera who wrote (95632)4/24/2002 6:56:44 AM
From: Joan Osland Graffius  Read Replies (1) of 132070
 
John,

Thanks, food for thought. In my opinion, hyperinflation would have been much worse than what they have been going through during the last decade. Japan has been lucky to have citizens that are savers. With this behavior they have been able to deflate the inflated bubble assets slowly over the decade and keep things from getting out of hand like Argentina.

Wonder what we have in our future here in the states!!!!! It probably depends on who is running our Central Bank and what decisions come out of Washington. I could live with deflation much easier than hyperinflation.

Joan
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