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Re: Elroy Jetson post# 153230

Sunday, 09/21/2003 9:26:57 AM

Sunday, September 21, 2003 9:26:57 AM

Post# of 704041
Elroy-

<<An economy with a stable money supply and improving productivity will experience deflation. This is both normal and desirable.>>

AG thinks not and I agree with him on this point. Once the idea that, "We can get it cheaper next year" is imbedded into the pubic consciousness, that economy is toast.

schloss

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