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Subject:  Re: Interesting article on deflation Date:  10/23/2001  9:14 PM
Author:  ayduda Number:  53883 of 883492

I don't buy Wanniski's argument. He insists that we have deflation because the price of gold has dropped. Yeah, but what about the stuff I buy? Food, gasoline, electric power, most everything I buy is going up, some a lot more than others.

Yes, some things are going down: computers, digital cameras. But that is mainly due to technological advances, which have been happening for a long time.

IMHO inflation has been held down by our free trade policy. But watch out if the "anti-globalization" crazies get their way.


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