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Politics : Ask Michael Burke

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To: Earlie who wrote (53946)	3/30/1999 1:40:00 PM
From: Mike M2	Read Replies (2) of 132070

Earlie, Happy Dow 10k HO HO HO My read on AG if he was going to act he would have ( and should have IMO) done so long ago . Even at these absurd levels it would be better to attempt to deflate for to do nothing only ensures greater damage when the bubble bursts of its own accord. Ludwig von Mises said " there is no means of avoiding the final collapse of a boom expansion brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved" from " Human action' p. 576. IMO AG has assured his place in history as the most irresponsible central banker in history. Mike

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