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To: Lee Lichterman III who wrote (108063)	6/11/2001 6:23:58 PM
From: Thomas M.	Read Replies (1) \| Respond to of 436258

The other point of view which is not mentioned there is that inflation vs.deflation (or more properly soft money vs. hard money) is a question of whether it is morally right to redistribute wealth. Inflation essentially is a wealth redistribution mechanism. I don't think it is morally wrong in all instances. I'm not a Communist, but at the same time I think that for example in feudal Europe wealth redistribution might have been a good idea. Tom