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Politics : Ask Michael Burke
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To: BGR who wrote (48492)2/23/1999 4:59:00 PM
From: Ilaine  Read Replies (2) of 132070
 
>>>>>If that is undesirable, it is even more reason for the Fed to not raise taxes (which may cause large setbacks in asset prices) if the economy doesn't independently need to be slowed down.<<<<<

Don't you mean, raise interest rates?

As for the blanket assertion that there is no inflation, this statement is only accurate if one aggregates a number of items, and then takes the average. The price of commodities may be deflating, but the price of finished goods is inflating.
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