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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: fut_trade who wrote (81333)12/28/1999 12:20:00 PM
From: pater tenebrarum  Read Replies (1) of 86076
 
Peter, the conclusion at the bottom of the declaration that the acceleration in money supply growth 'will have no effect on inflation' is complete nonsense. this IS inflation. they could have said 'the effect on price increases will likely be confined to the stock market and not spill over into goods and services' (debatable), but to say there will be NO effect on inflation is like saying that in spite of printing 10 dollars on top of the 10 dollars we have, there won't be 20 dollars all in all.
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