>>Yoshie Furuhashi wrote:
>>
>>>It might take a total war to get out of an inexorable deflation
>>>that neither monetary nor fiscal stimulation can reverse (if such
>>>a deflation gets underway here).
>>
>>Total war with whom? The old Axis?
>>
>>Doug
>
>The "war on terrorism" is just the thing.
It has enormous political effects, but it's just not expensive enough - yet - to have much economically stimulative impact.
Doug