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To: gpowell who wrote (28504)	3/22/2005 2:15:38 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

Kindleberger does provide keen insights on foreign trade, written before but quite applicable to our current period of alleged globalization. While you idolize Milton Friedman and his anti-market anti-capitalist school of currency cranks, there is a world of economic literature outside of their group-think. Charles Kindleberger and Charles Rist are but two. Expand your horizons. Charles Rist's book "History of Monetary and Credit Theory from John Law to the Present Day" is a good place to start. amazon.com .

To: gpowell who wrote (28504)	3/22/2005 2:20:28 PM
From: Amy J	Read Replies (2) \| Respond to of 306849

gpowell, RE: "FRIGHTENED BY DEFLATION you were agog over “Econ textbooks by Kindleberger & Stone.” His link said inflation is due to a lack of monetary discipline. From your link, Elroy wrote: "Certainly made mincemeat of the silly arguments at the time that inflation was a "structural problem" rather than simply the lack of monetary discipline that it actually was" Elroy's been consistent in saying inflation is due to a lack of monetary discipline. He even said it in the link you provided. RE: "when you were claiming to have an econ degree from UC Berkeley (don’t see you touting that anymore, BTW) " You're much too intelligent to resort to this comment. Argue him on logic instead and acknowledge those areas where you might agree. I would doubt you think printing tons of money is good for the USA so that's probably one area where you two agree. I enjoy your intelligent posts. Regards, Amy J