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Registered
Join Date: May 2001
Location: Peoples Republic of Long Beach, NY
Posts: 21,140
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Many economists firmly believe that inflation is caused by excess liquidity. They even commented that the Chair's comment about a slowing economy slowing inflation is completely wrong and he knows better than to say that remark. His problem is recovering from Greenspan's huge increase in liquidity due to the possibility of a 2000 crash and disinflation scares.
The industrial key to containing their inflation is productivity increases which allow higher wages without raising prices.
Some have said that re appreciation is partially the results of re tax law changes a short time ago.
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Ronin LB
'77 911s 2.7
PMO E 8.5
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