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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)
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To: ahhaha who wrote (270)7/5/1999 9:42:00 PM
From: gpowell  Read Replies (1) of 587
 
I don't know much (actually nothing) about economics but are you proposing going back to what was tried in 79-82' - a fixed growth in the money supply.

What are your opinions on why this didn't work. We ended up with high interest rates and high unemployment as I recall. Didn't the unrestrained rise in interest rates lead directly to the S&L's becoming insolvent?

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