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To: Tom Smith who wrote (144)8/15/2001 3:59:59 PM
From: Tom Smith  Read Replies (2) of 329
 
The world is on a dollar standard. The Fed's policies have been inflationary, but the inflation has been managed by an aggressive dollar policy. Such a currency policy cannot be sustainable without one day creating massive shortages in the physical economy. Thus, even in this regard, in the way that it interferes with the free market, and misallocates global resources, the manipulative dollar policy is setting the stage for a massive dollar inflation to spread beyond just the price of oil.

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