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Pastimes : Alan Greenspan MUST GO: -- Ignore unavailable to you. Want to Upgrade?

To: glowindark who wrote (39)	5/24/2000 10:51:00 PM
From: BWAC	Read Replies (1) \| Respond to of 494

<there will be too much demand for limited supply which could lead to... INFLATION> Ok quick. When is the last time (gas excluded because it is not a free market) that any consumer in the US wanted something but could not get it? The shelves at retailers are full. Absolutely full. What limited supply? If demand is outstripping supply, then there should be shortages of goods. And 30% off signs at the mall, don't look like a shortage to me.

To: glowindark who wrote (39)	5/24/2000 11:09:00 PM
From: Master (Hijacked)	Read Replies (1) \| Respond to of 494

glow, I totally agree. On several occasions he has mentioned the "Wealth Effect" as if it was a crime for the average joe to secure a little nest egg for a more comfortable retirement. He talked of "Over-exhuberance" and targeted investors to ensure that this sudden wealth could be curtailed. In essence, what he is saying is that it is easier to control an economy which has a small percentage of wealthy upper class, a small percentage of unemployed and beggars, and a large working class to support the beggars and the filthy rich. As the working class was enriching itself, it posed a problem as it destabilized his myopic archaeic view of economics. Vince