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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (88101)3/30/2001 6:12:29 PM
From: Jacob Snyder  Read Replies (1) of 436258
 
The money supply may have grown faster than the U.S. economy, but the dollar is becoming the global currency. Consumers and businesses would rather do business in dollars, than in the local currency, from Mexico to Malaysia to Russia. Local governents are fighting this, but it's a losing fight. This trend looks to continue, as the dollar pulls steadily ahead of it's only potential rivals, the euro and yen. Is the money supply growing faster than the global economy?
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