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Politics : Ask Michael Burke
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To: Mike M2 who wrote (76911)3/2/2000 8:35:00 PM
From: Tommaso  Read Replies (3) of 132070
 
The Fed statistics show no decline in rates of money growth since the evaporation of the Y2K thing.

I think the stock market lending must be having a multiplier effect, and that lending is increasing without any central bank control.

I can understand why the Weimar Republic would do this kind of thing after Germany LOST WWII, but I cannot understand why a powerful government in a prestigious country in peace time should embark on a course of extreme monetary inflation. The government is not under any particular pressure.

I believe that economic management like this reduced Argentina from a power that seemed equal to most European countries in the early part of this century to a mess.
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