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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (61532)	6/6/1999 11:15:00 AM
From: Freedom Fighter	Read Replies (2) of 132070

Mike, >>Another reason why Japan's salvation lies in raising, not lowering, rates. Could this be why Rubin and Sommers were so hot to get Japan to lower rates?<< These are the types of questions that make me very suspicious of central bankers, government, Wall St., the IMF, and other key players in the economic decision making process. What's in the best interests of those in power is very often not in the best interests of the world in general or when considered from a longer term perspective. Yet economics is such an inexact science and there are so many different views that you can never demonstrate irrefutably the true intentions of the players. You can only be highly suspicious. Regardless, it does seem to me that at a minimum many bright people are way too short term oriented and willing to put off and compound problems. And way too high a percentage of the public doesn't even understand the questions let alone struggle like I do to find the answers. So it's highly likely that we will continue to take it where the sun never shines <g>. Wayne

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