Re: [Pen-l] Rogoff: Saving the system will cost one to two trilliondollars

["Jim Devine" <jdevine03@xxxxxxxxx>]

I make that argument in my 1994 article on the Great Depression,
citing Burkett and Burdekin, among others.

On Fri, Sep 19, 2008 at 4:31 PM, Perelman, Michael
<MPerelman@xxxxxxxxxxxx> wrote:
>
> Paul Burkett makes the same argument, in part based on earlier Latin
> America, which the US is coming to resemble.
>
> I guess I shouldn't be surprised, since I heard him on the radio awhile
> back saying that hyperinflation typically arises not from an
> excessively increased money supply (which is just a symptom) but from
> a government being unable to balance its budget due to domestic
> conflicts...
> --
> Jim Devine / "Nobody told me there'd be days like these / Strange days
> indeed -- most peculiar, mama." -- JL.
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-- 
Jim Devine / "Nobody told me there'd be days like these / Strange days
indeed -- most peculiar, mama." -- JL.
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