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To: t2 who wrote (27622)7/31/1999 11:24:00 AM
From: John F. Dowd  Read Replies (1) | Respond to of 74651
 
t2k: Your analysis again demonstrates why AG should not be forcefully dealing with the "threat" of inflation. The real enemy is chaos in the market built on hoarding. The real threat is in a precipitous deflation. The real problem is that, given Japan's most recent numbers, they are not in any robust recovery at all and there is no danger of their inflating the cost of our products. I call it irrational pessimism and that is what should be concerning bureaucrats if we must have bureaucrats meddling in the economy. I am sure with respect to you I am preaching to the choir. Have a nice weekend. JFD