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To: At_The_Ask who wrote (104177)	5/23/2001 9:41:50 AM
From: Lucretius	Read Replies (2) \| Respond to of 436258

i'm long inflation...

To: At_The_Ask who wrote (104177)	5/23/2001 9:52:02 AM
From: yard_man	Read Replies (1) \| Respond to of 436258

>>because of [the deflationary forces of] globalization and the technology revolution<< He's just "barking up the wrong tree", IMO. Inflation is always temporary, until it destroys enough purchasing power, a contraction ensues and then we start the cycle all over again -- but AG wants to postpone the inevitable forever. He ain't content with a little inflation. He's fighting an implosion -- how short-lived the episode is isn't as important as how intense it is going to be ... Also (flame me, I love it), the cost of goods purchased from abroad are going to have to rise here -- there isn't any way around it in the next few years ...