Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 336.87

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3:59 PM EST

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To: derek cao who wrote (23671)	8/31/1998 5:16:00 PM
From: Barry	Read Replies (2) of 70976

Derek, Savings do NOT lead to overcapacity. Savings control or mitigate the growth in an economy. Excess CREDIT has created this overpowering supply situation, and great human technological achievements have created this abundance of supply relative to demand, as well. The great savings rate is somewhat of a mirage; a lot of the $ given to nations around the world are kept in a very, few concentrated hands--usually by those in political or military power. Your assessment of the situation, imho, is totally wrong. There is nothing wrong with deflation; in fact, in the long long long run, there will be no need for money. Short term, there's pain, especially for those not in cash. And in this short term, cash is king. Spending will not solve this problem. Only pain will do the job, the pain from the reduction of excess supply in the marketplace. barry

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