Paul Volcker, past FED Chair, held forth to the new York Economics Club. Like yours truly, he warns of letting inflationary expectations and a weak dollar continue. Greenspan meanwhile continues to speak denying that he had anything to do with the current problems.
Do you know about CIFUS? At a time when Merrill and CITI are going begging round the world for capital, this may not be the time to Just Say Not to foreign investment.
Professor Elam 
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