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To: pater tenebrarum who wrote (46324)	12/11/2000 6:14:37 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 436258

that last bit was brilliantly succinct! gotta use that some time. J

To: pater tenebrarum who wrote (46324)	12/11/2000 6:40:23 PM
From: eddieww	Read Replies (3) \| Respond to of 436258

Yes, I think the Fed will try to get a soft landing on a wing and a prayer. You, among many others including me, are dubious of their prospects. My question pre-supposed that they became dubious as well. The Weimar Republic also had an enormous national debt not only from the expense of fighting WW1, but the reparations levied on it (no Deutchemarks accepted, thank you) via the Versailles Treaty. All of the US debt is dollar debt. US is the gorilla now, while Germany was not in the '20s, which increases the world consequences of what we do monetarily. But I'm not sure it wouldn't be easier to retreat from our national margin limb in the way I described than through some slim chance that a soft landing can be achieved, much less through a severe recession or depression in the US which will almost certainly spread worldwide.

To: pater tenebrarum who wrote (46324)	12/11/2000 8:48:40 PM
From: eddieww	Read Replies (2) \| Respond to of 436258

"...an interesting historic fact being that big inflation episodes are socially much more destabilizing than deflationary periods. Hitler vs. FDR in short." I don't really know what economic and monetary policies the Nazis introduced. I vaguely remember a Finance Minister, Dr. Schacht?, who was the mastermind of a very impressive turnaround for Germany. I may be confused on the name, but whoever it was cemented the enormous popularity of Hitler. My impression is that when the Nazis came to power Germany was in economic doldrums/depression, with very high unemployment. A couple years later they were the strongest economy in Europe, maybe the planet. Of course, Hitler's repudiation of reparations helped a lot, no doubt. How did they manage it?