Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Don Lloyd who wrote (6138)	7/20/2001 4:18:43 PM
From: Ilaine	Read Replies (1) of 74559

>>One thing, and one thing only, is important about money<< I don't think even von Mises would say that, would he? I realize that Austrian economists don't use formulas but your statement seems a bit extreme. >>For any economic activity, it is possible to imagine a supercomputer (Barter Central) whose only function is keep track of all the goods and services supplied and consumed and make sure that all the accounts are complete for a given period.<< Bart, the supercomputer, would confirm that in periods of recession, there are fewer transactions than in periods of expansion.

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