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schloss_1

09/21/03 9:26 AM

#153241 RE: Elroy Jetson #153230

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