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Post# of 704044
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Ace Hanlon

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Ace Hanlon

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Re: marketmaven post# 437068

Sunday, 11/13/2005 1:37:21 PM

Sunday, November 13, 2005 1:37:21 PM

Post# of 704044
I totally disagree with this perspective.

There is virtually no chance of deflation (a contraction in the supply of money credit) in the forseeable future. We probably will see a deflationary collapse at some point, but not until infaltion has gotten so bad as to be a greater risk to the system than the deflationary remedy. And we are nowhere near that point now.

“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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