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Strategies & Market Trends : The Millennium Crash

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To: LLCF who wrote (5392)	6/13/2000 5:21:00 PM
From: Archie Meeties	Read Replies (1) of 5676

if you loosen credit and make money for startups silly easy, you're by defenition going to get 'some' increase in productivity if the group discovers anything... which means money isn't as easy as it appears because "look, productivity went up"... Hey! I get it... I like this new economy! This works well and could work well for a very long time as long as the fiat you are printing isn't seriously challenged. The one thing that can challenge fiat is commodity based inflation, and really, only crude has this ability. As long as the credit you issue gets mixed in with innovation, the "real" world (the one that can not be created willy-nilly) will grow less and less a limiting factor in an economy. From the perspective of a commodity, the purpose of fiat is to increase its value without increasing its cost. But you see, we're not there yet with oil. The reality of this economies dependency on foreign oil is the threat to this bubble. It could have gone on longer otherwise.

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