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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (74310)	1/23/2000 2:27:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Mike, I don't remember voting for Hedonic Deflator. <g> A good piece, as usual, from Tice. I wish he wouldn't pick on the biotech index, but I agree with him more than I disagree with him, even on that score. The productivity #s are so inflated that they bear no resemblance to those used in other countries. It is a victory of statistical lying over reality and Slick Willie has definitely been the winner. I don't know if I agree that Greenspan is smart enough to know that he is full of crap. I waver, similar to the way I used to waver on Ronald Reagan, over whether the guy is a con man or just slow of wit. I still don't know on AG. Perhaps he is a .com man. <g> But the Alzheimer's on Reagan pretty much settled the argument in favor of his honesty.

To: Mike M2 who wrote (74310)	1/23/2000 5:52:00 PM
From: Tommaso	Read Replies (3) \| Respond to of 132070

I have been corresponding today (email) with Rodger [sic] Doyle who wrote a column in Scientific American that parallels in its outlook things we have been saying here. I sent him the latest Fed figures for the money supply, and he agrees that they are shocking. Hhe seems to think that the dollar might well collapse simply from a loss of confidence in it. That would mean immediate inflation, in which case the kneejerk fed reaction would be to raise interest rates to "stop inflation" and that=catastrophe for finacial markets. I have not researched Doyle's standing as an economist, but generally the Scientific American only relies on the soundest sources.