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Pastimes : son of T/FIF

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To: biowa who wrote (510)2/2/2000 8:27:00 PM
From: Torben Noerup Nielsen  Read Replies (1) of 673
 
>Can you say "The new .com's?"

We need a replacement. There's no other good way of saving the market. We've created a massive amount of paper wealth and it's got to go somewhere. The *market* has to grow or it's going to crash. Now, if we could slow the rate of growth to below the rate of growth of the underlying value, we'd be able to catch up in another few years. Especially if the government starts paying off the national debt or at least issues fewer bonds.

Gee guys, this market is a fantastic vehicle for paying off the national debt. The more gains people make in the market, the more taxes they pay. How much of the so-called surplus is a result of a solid economy and a booming market and how much is a result of savings?

Incidentally, by collecting more taxes and issuing fewer bonds, the government is de facto lowering the cost of money since it's a major competitor for the available supply. This will help keep the market up.

Thanks, Torben
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