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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (43656)	1/16/1999 1:00:00 PM
From: Mike M2	Respond to of 132070

CB, tanks fer da compliment-g- see also lowrisk.com here is another econ161.berkeley.edu Mike

To: Ilaine who wrote (43656)	1/16/1999 4:49:00 PM
From: Bonnie Bear	Read Replies (2) \| Respond to of 132070

CB: deflation and inflation requires a frame of reference... and whether one is in a deflation or inflation really depends on the coordinate system used for the comparison. Inflation/deflation relative to what??? If I put on my nerdy physicist hat and look at this market, and assume that the S&P unit replaced the gold standard in early 1995, then it would appear that my my salary was deflated and my taxes were increased. Because I live in Silly Valley, my home equity has kept up with the S&P unit. Service costs (such as medical care) have also kept up with the S&P unit...it costs a lot more in dollar terms now than it did in 95. Once all of the countries in the world sink their currency into the 'safe' S&P unit then all it takes for the correct amount of relative currency devaluation in the major world economies so they have a common "currency", relative labor costs, and stable interest rates. The New World Order has spoken. I worry about this scenario a lot.