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Politics : Ask Michael Burke

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To: Mike M2 who wrote (48396)	2/23/1999 10:55:00 AM
From: BGR	Read Replies (5) of 132070

William (or is it Mike), Another thesis is that in the 30's tight monetory policy was more responsible for the depression than anything else. Even Japan is being adviced to inflate their way out of recession now. The rest of the world is sitting on piles of cash which apparently seeks no better home than the US treasuries. How long this would continue is of course anybody's guess. But given the present situation, it may go on for a while. -BGR.

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