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To: philv who wrote (5355)	1/7/1998 12:23:00 PM
From: Bucky Katt	Respond to of 116756

Philv-- Once the masses have a taste of deflation, they will BEG for inflation. The whole thing has been scripted.

To: philv who wrote (5355)	1/7/1998 1:13:00 PM
From: Little Joe	Read Replies (2) \| Respond to of 116756

Will one of the deflation hawks explain how we can have deflation with the money supply growing at current rates. I think it possible that the prices of products from Asian companies may go down in terms of US dollars. But this is not deflation. If the U.S. money supply is in fact growing there will be more dollars in circulation. While we may spend less on Asian or foreign goods, there will be money left over to purchase other things. I guess what I'm trying to ask is How can we have deflation with a growing money supply. Would appreciate your insights, Live long and prosper, Little Joe