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To: ild who wrote (258706)	9/3/2003 3:51:07 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 436258

Nice stuff...someone should pin this to BubbleBoy's (and Shrub's) forehead: Date: Wed Sep 03 2003 14:20 trotsky (Hambone, 13:54) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved well, historical examples would suggest that inflation, or hyperinflation, is more threatening to the social fabric than deflation. remember, the Fed HAS survived a deeply deflationary period in the 30's unscathed ( which took place despite frantic efforts to 'reflate' btw. ) . to the above point, when the value of money itself is destroyed rapidly, the resulting upheavals bring forth types like Hitler...whose appearance on the political scene is imo closely linked to the destructive hyper-inflation period of the Weimar Republic. as Lew Rockwell has pointed out, in a recession/depression, if one is out of a job, or otherwise faced with hard times, does one wish for what money one has left to be able to buy more or less? this is the essential difference between inflationary and deflationary recessions...in the fomer, those losing their livelihoods then even see their rainy day savings destroyed, while in the latter, those savings might tide them over. that's why inflationary recessions harbor much more socially destructive energy.