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To: Bobby Yellin who wrote (5131)	1/3/1998 12:45:00 PM
From: PaulM	Read Replies (3) \| Respond to of 116759

There's an 1990 article entitled "The Rise and Fall of the CPI" at the PEI site which claims the govt delibrately understates inflation as way of making budget cuts without having to admit it. After clicking the following link, scroll down the left hand menu to "Research" and choose "Economics." Then click "The rise and fall of the CPI" in the main body of the interface. pei-intl.com From a further review of the cite, it seems pei's president believes that the U.S. defecit was brought under control primarily by savinf $250 bill by converting long term debt (at 7% at the time) to short term debt (at 5% at the time). Armstrong is convinced this will cause an national emergency in the not to distant furture.

To: Bobby Yellin who wrote (5131)	1/3/1998 1:03:00 PM
From: Richnorth	Respond to of 116759

What strange irony!!! When the Cold War was on, the so-called Free World hated it and desired nothing more than its end. Lots of religious zealots went down on their knees and prayed for the downfall of Communism. But now that the Cold War is over and the Iron Curtain and Berlin Wall are non-existent, some of us seem to be waxing nostalgic about the Cold War having been a stabilising force. But alas, the Cold War has been replaced by the Gold War (the war between the US$ and gold) with all its ominous ramifications! And once again, some (if not many) of us seem to be yearning for the good ole days. Western high-technology, especially that of N. America, has been credited with hastening the downfall of Communism. (It was said that, without hi-tech, the Soviets were unable to compete effectively with the West.) Now Greenspan (or GreenExpand or Greasepan, if you like) has credited hi-tech with increasing productivity which has been keeping pace with demand and holding inflation at bay. Regards, Richnorth