Doug asked about work on deflation in the 19th century. I just finished a book on the subject -- at least it is a major theme. I just wrote Bill Mitchell a couple of days ago about my intention to extend that analysis to the present day. Routlege expects to get the book out by May. You can get some of the thrust of it from an article in the Journal of Economic Perspectives of last year and a little bit more from my article in the current issue. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 916-898-5321 E-Mail [EMAIL PROTECTED]
