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To: Captain Jack who wrote (36055)1/6/2000 1:19:00 AM
From: John F. Dowd  Read Replies (3) | Respond to of 74651
 
CJ: Thanks for Econ 101 but America's tax code gives rise to a debt/spend economy. Savings not rewarded. Feds. job is to keep inflation under control not manage markets. Markets manage markets quite efficiently. Now tell me what fundamentals of the companies being slammed have changed and tell me where the inflation is? More spending because more people working making more things for people to spend on. This is America not Germany. JFD



To: Captain Jack who wrote (36055)1/6/2000 1:50:00 AM
From: ed  Respond to of 74651
 
What is the difference between the price of credit goes up and the price of commodity goes up ? Both are inflationary , ends up with consumers paying more. "Price of credit going up is a kind of artificial inflation, while price of commodity going up is caused by supply and demand, both will reduce consumer spending. While AG let the market force play itself out ?