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- Newsgroups: sci.econ
- Path: sparky!uunet!cis.ohio-state.edu!zaphod.mps.ohio-state.edu!cs.utexas.edu!sun-barr!ames!purdue!decwrl!adobe!usenet
- From: hamachi@adobe.com (Gordon Hamachi)
- Subject: Re: Surviving Hyper-Inflation
- Message-ID: <1993Jan12.013500.5339@adobe.com>
- Sender: usenet@adobe.com (USENET NEWS)
- Organization: Adobe Systems Incorporated
- References: <1993Jan11.221528.659@adobe.com>
- Distribution: usa
- Date: Tue, 12 Jan 1993 01:35:00 GMT
- Lines: 18
-
- Gordon Hamachi writes
- > I read the book and it scares the hell out of me.
-
- Figgie's "Bankruptcy 1995" still scares the hell out of me, but for an
- alternative view, see Business Week, January 11, 1993, p. 14.
-
- The reviewer says:
-
- His predictions of economic ruin are, frankly, silly. If the deficit
- goes unchecked, he anticipates a currency collapse, widespread bank
- failures, massive layoffs, cuts in Social Security benefits, and
- hyperinflation.
-
- I would like to make Figgie a little wager. I will bet him a year's
- pay that by 1995, the annual deficit will still be in the neighborhood of
- $150 billion to $200 billion, and even so, our currency will be strong,
- inflation will be quite modest, and the U.S. economy will be, overall,
- healthier than it is today.
-