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Non-Tech : Deflation -- Ignore unavailable to you. Want to Upgrade?

To: Oblomov who wrote (78)	11/22/2001 6:57:12 PM
From: Maurice Winn	Respond to of 621

When rulers cajole, I look for an escape hatch. When they reassure, I run for cover. They are not to be trusted. So for rulers to say go out and spend is possibly counterproductive. It would make me think I probably shouldn't be going out to spend. But maybe most people just do as they are told, being sheeple. Since the US$ is just a made-up abstract idea and since people want it to have some attachment to reality stable enough that they can use it as a measuring stick, it has to be managed. The Federal Reserve uses inflation as an important item to attach money value to. Another could be 'average hourly earning rate'. My point was just that deflation is a big bad bogeyman and people who understand economics seem to think it a bad thing. I suppose they are right and I'm sure Uncle Green$pan is capable of seeing that it can be avoided and he is in the process of doing so. I was just pointing out that he has got a lot of room to move and gave a couple of examples. Anyway, what's wrong with cancelling taxes and printing a bunch of money to run the government [in times like this - obviously not when inflation is the result and debasement and abandonment of the currency the outcome]? What's wrong with what we are experiencing now? Well, a lot of people don't like loss of business, jobs, incomes and spending power [or purchasing power, whichever way you look at it]. I'm included in that group. Come to think of it, people who experience mental depression don't like it either - they go running to doctors for relief. Mqurice