I don't see why there would have to be no way out of stagflation this time around. We have met the enemy, and he is us — Pogo
As to John Williams' comment, I was just musing. Actually, I was amused that he would entertain the idea of co-ops or regulation, given his basic philosophy. Then he was sort-of emphatic that we were submerged in quick-shit. No, I don't agree with him about the future - just the present. paul spencer
