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Technology Stocks : Intel Corporation (INTC)
INTC 35.53-1.1%Nov 14 9:30 AM EST
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To: Harry Landsiedel who wrote (91227)10/29/1999 10:03:00 AM
From: John F. Dowd  Read Replies (1) of 186894
 
Harry: I guess it does fiscally on a permanent basis what monetarily AG would do on a temporary basis. I would hope,however, that they retire the debt in a measured fashion. I would like to see the surplus spent on 1/2 tax cuts 1/2 debt retirement.
I think a lot of people are forgetting how much faster $ is converted to a good and then back to money in this new economy so the Fed is always fighting the velocity of the money as far as money supply expansion is concerned. That increased speed seems to create a virtual expansion in the supply of money. JFD
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