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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Allan Harris who wrote (7732)	8/13/1999 12:17:00 PM
From: Investor2	Read Replies (1) \| Respond to of 15132

RE: "Spooked? Paranoid and delusional might be more accurate. That inflation of the 70's ... was a remanent of an illegal, immoral and bloodthirsty escapade half way around the world." Don't hold back, tell me what you really feel. <g> Best wishes, I2

To: Allan Harris who wrote (7732)	8/13/1999 12:51:00 PM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

Re: on Fri. the 13th, speaking of paranoia: ..the Ministers of Paranoia: biz.yahoo.com

To: Allan Harris who wrote (7732)	8/13/1999 5:15:00 PM
From: JF Quinnelly	Read Replies (2) \| Respond to of 15132

The inflation of the '70s was the result of the Fed monetizing Treasury debt, which is now prohibited. Spending on the Vietnam War was largely over by 1972 and inflation picked up steam a good deal after that. If you want government spending that didn't slow down you merely have to look at the Great Society programs which were never pared back and the similar programs added during the Nixon Administration. Greenspan will be looking for wage-push inflation and capacity restraint problems.