🚀 go-pugleaf

In article <1993Jan12.013500.5339@adobe.com> hamachi@adobe.com (Gordon Hamachi) writes:
>Gordon Hamachi writes
>> I read the book and it scares the hell out of me.

same here.

>
>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'll have to read the article. but on the surface, having somebody
in a big mag like BW say "p'shah" is hardly surprising.
>
>        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
                                               ^^^^^

still? it was over $250B in '91, and will be over $300B in '92.

>    $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.

Gordon -- does the reviewer actually have anything to back up his claims?
if the above are the highlights of the article, it suggests not. does
he explain why Figgie's claims are "silly" or why he is making his
"wager"?

--
charles