[lbo-talk] Re: deflationary spiral

[joanna bujes]

At 07:53 PM 05/23/2003 -0700, Yoshie wrote:
>Economic conditions -- possibly on the brink of a bad deflationary
>spiral -- cry out for politics other than Republican tax cuts for the
>rich and Democratic fiscal prudence.  The Green Party probably isn't
>capable of running a campaign to mobilize the potential constituency
>nationwide, though.

I am skeptical about this so called deflationary spiral. Sure looks like 
"deflation" is the newfound economic WMD. Sure looks like they just want to 
print money so that they can do whatever they damn well 
please....regardless of the consequences, which look to me more like 
inflation and currency collapse than like deflation...in which case I'm up 
shit creek, being a saver and not owning a house.

Joanna