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Non-Tech : Deflation -- Ignore unavailable to you. Want to Upgrade?


To: JF Quinnelly who wrote (36)1/7/2000 12:19:00 PM
From: jwk  Read Replies (1) | Respond to of 621
 
JFQ -- The impact and signifigance of S-H Tariff has been hotly debated since it was enacted. Here's a good site for a tutorial on the Great Depression. If you scroll down the timeline to 1930 and click on the -more- button in the S-H paragraph, you'll find an analysis which agrees with and expands on your comments.

click.go2net.com

As pressure to have the 1832 tariff passed, a group of Northern industrialists pressureded their representatives to threaten secession if the South defeated it.



To: JF Quinnelly who wrote (36)5/26/2000 8:10:00 AM
From: Maurice Winn  Read Replies (2) | Respond to of 621
 
Wealth Effect = Inflation
Poverty Effect = Deflation

Seems like a likely time now for a spot of deflation to get underway. The New Paradigm won't slow down with this little ding in the markets, so productivity boosts from that will continue roaring and since that means prices should drop, we might start to see that any time now.

Crude oil will hide a little, but SUVs are not the be-all and end-all these days. Oil had a 1970s hayday.

Poverty-Effect also = Black Hole effect as all is sucked into the maw. It is far worse than a wealth effect, leading to death and disaster [or disaster first then death]. Inflation is like the universe expanding. Deflation is like a black hole. They are not simple opposities. They are quite different in their effect on happiness and whats his name's utilitarian values.

I think Alan Green$pan will very soon announce no more increases in interest rates.

Mqurice