cured with more production, while the Keynesians say it can be cured with more m oney applied at the right place and time. Whereas all current inflation theories tend toward Newtonian rationality and balance, there is a huge disequilibrium factor of irrationality that results from information movement in simultaneous and instantaneous patterns. These patterns are sometimes mistaken for "trends" in media behavior. As Jean-Louis Servan- Schreiber wrote in his book, "The Power to Inform";

"One of the most easily confirmed consequences of media activity is the instability that can be created through the media's ability to exacerbate certain trends. This happened during the world monetary crisis that took shape in the 1960s. As soon as dollars started to move en masse into Germany, the press described it as a flood. The movement did i n fact take on vast prop ortions because even mod est speculators wanted to benefit from the situation. The press in turn w rote in terms of a veritable panic. Then all holders of capital got the news and reacted accordingly, and the dam burst under a pressure that had been generate solely by the media. The same kind of psychic battering ram brought about the devaluation of the dollar in 1971 and 1973."