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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (23718)	7/11/2000 1:09:21 PM
From: DMaA	Read Replies (1) \| Respond to of 769670

Don't see why you think transferring money from a collective coffer to private hands inflationary. In fact it's just the opposite. There is no incentive to cap costs when spending "public" money. Avoiding cost is a top priority of private spending. A republican sweep puts more money back in the hands of those who earned it. While I applaud them for doing the right thing, doing so is clearly an inflationary act.

To: Bill who wrote (23718)	7/11/2000 1:18:55 PM
From: Neocon	Read Replies (1) \| Respond to of 769670

First, the money is not being saved, but is being spent by the Federal Government, so the amount of money in circulation does not change. Even when the money supply grows, it is only inflationary when it exceeds the growth rate. Consumer sectors may be bid up, some, but I believe that rather than fuel consumption, there will be a tendency to retire debt and increase savings. I think inflationary pressures are exaggerated........