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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Lee who wrote (28824)	9/15/1999 3:06:00 PM
From: gerard mangiardi	Read Replies (1) \| Respond to of 50167

Tell you flat out volker caused as much inflation as he stopped. Remember the vacuous statement about too much $ chasing too few goods. High rates result in too few goods. they also reflect a bias against the efficiency of a market system by preventing business from upping production of a good or service when a competing product's price runs up.

To: Lee who wrote (28824)	9/15/1999 3:25:00 PM
From: MeDroogies	Read Replies (1) \| Respond to of 50167

Wow...don't have that much time on my hands...nice work, though.

To: Lee who wrote (28824)	9/15/1999 5:33:00 PM
From: Crystal ball	Read Replies (2) \| Respond to of 50167

Lee you miss the basic point: The idea is to KEEP THE FACTORIES OVER 80% CAPACITY UTILIZATION AND WITH INCREASING PRODUCTIVITY. Greenspan's whole theory is to raise rates, and as the cost of money goes up, so do goods, and labor and this ALWAYS DECREASES PRODUCTION. Please do not rely on the 74 Whip Inflation Now doomed Greenspan "WIN" policy or data when Greenspan was Ford's Inflation CZAR. We do not want another OPEC oil embargoe and double digit inflation, and market crashes, or big correction like your 87 data should show. We want to keep this country prosperous, not cut production. If you cut production, you cut the supply and that means simply more inflation and prices adjust upwards to meet demand...unless you get a drop in population which is not likely, or some other drop in demand. In short, our production and wealth will by the shear force of economics be siphoned off to higher population lower labor rate countries like asia...thats all Greenspan is doing. I am, Truly yours, -Crystal Ball