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To: Radim Parchansky who wrote (75132)8/23/1999 8:23:00 AM
From: Tom D  Read Replies (1) | Respond to of 164684
 
E commcerce is going to become a huge disinflationary force.

It is expected to make a major impact in the second half of 2000, and then into 2001 and 2002.

Tom D



To: Radim Parchansky who wrote (75132)8/23/1999 11:40:00 AM
From: John Donahoe  Read Replies (1) | Respond to of 164684
 
RE: "Nobody wants to work on Sunday anymore". If the productivity does not go up, then inflation will.

I tend to agree with you. The question is when. It could be decades away.

I remember reading a book on the subject of money that stated that all fiat currencies eventually become worthless and used it as a justification for owning gold.


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