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To: Mike M2 who wrote (5423)	1/8/1998 2:05:00 PM
From: Alex	Read Replies (1) \| Respond to of 116759

biz.yahoo.com

To: Mike M2 who wrote (5423)	1/8/1998 4:09:00 PM
From: Little Joe	Respond to of 116759

Thanks, but I have read it and at one time subscribed to his newsletter. I agree with the quote, but I am not sure he addresses the question. It indicates that we may go through a period of hyper-inflation before we get to a depression or that we may go directly to a depression. It seems to me the government is left with two choices. 1. Inflate the money supply to try to bail out, in which case we probably will not see deflation until we can no longer stand the hyper inflation. 2. Refuse to aggressively expand the money supply in which case we go directly into a depression. My perplexity lies with the view that I think some are holding which is that regardless of the expansion of the money supply we will go directly to depression. I am not saying they are wrong, but I can't reoncile how that happens in my mind. Live long and prosper, Little Joe