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To: Stephen who wrote (14093)	5/16/1999 11:17:00 AM
From: j g cordes	Respond to of 99985

Regarding the inflationary effect of off wage perks like stock options, their potential quickly evaporates in value when the business or economy slows down. The core issue with money/inflation is how the money is spent and if that process allows producers and sellers to raise the cost of goods and services. If money (wages, perks, stock profits, inheritance etc) is not spent then prices aren't chased up by demand. Its also obvious the traditional measure of inflation doesn't describe what's happening today. Inflation is rampant in the markets, in stock prices, not in real estate or goods and services.