New York Times. Ghost Town
New York Times (1982)
Summary: This is the first piece I published describing the impact of a sharp drop in the inflation rate of tangible assets on net worth and the capital stock. You can download a PDF file of the Op-Ed by clicking on the image below or by clicking the following link. Download.
This is the companion piece to my 1981 Wall Street Journal Op-Ed, “Why Interest Rates Will Fall in 1982.”
I hope that you enjoy the Op-Ed and welcome your comments.