Imagine that the recent crash in oil prices (from $26 a barrelin January to around $11.40) is followed by a second, deadlier crash.This one sends crude prices skidding to below $5 a barrel.
The ominous result: a catastrophic period in which PresidentReagan is faced with a major financial crisis. He is forced todecide whether to close the banks just before he leaves office orrisk having the Federal Reserve Board go on a money-printing binge,putting hundreds of billions of new dollars into the sytem andsending inflation rocketing to at least 50 percent and probably a lothigher.
Sounds crazy, right?
Not to Paul Erdman, 53, the ex-banker and ex-con whose …
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