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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Tommaso who wrote (14325)2/24/1998 10:24:00 AM
From: Mike M2  Read Replies (2) | Respond to of 94695
 
Tommmaso, I have heard members of the shadow federal reserve (I think) on CNBS. Apparently many economists do not worry about monetary inflation as long as there is no price inflation (cpi&ppi). They are making the same mistake that Irving Fisher and the new era optimists made in the twenties. Fisher favored easy money as long as there was no price inflation. Mike