Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: carranza2 who wrote (12253)	12/29/2001 8:20:47 PM
From: Maurice Winn	Read Replies (1) of 74559

<Uncle Al will be forced to flood us with cash, and inflation will inexorably follow. Budget surpluses will be a thing of the past and W will have no choice but to begin to consider a tax hike--gotta pay for all those expensive bombs delivered half-way across the world somehow, you know.> Why a tax hike? Why not just ask Uncle Al to print a whole swag of new $1,000,000 notes and use those to pay for replacement munitions, fuel, repairs and maintenance? That would mean no tax hike. It would boost money supply which would reduce upward pressure on the US$. It would provide employment to people who are looking for work. The unemployed could be given a uniform and told to stand on a street corner in Kabul and shoot anyone who is armed and not an approved gun carrier if they refuse to hand over their gun. They could design a pipeline from the oil fields north of Afghanistan down to Pakistan's port. They could build it. The USA government could own it and use some of the profits to pay for occupation and political development of Afghanistan. Dostum could be given the job of defending the pipeline if he's looking too bored. Inflation is not something to worry about when a deflationary implosion is looking to be a possibility. Inflation can be sorted out if it ever happens. With more countries using US$ the demand must be growing a lot and more are needed to maintain supply and demand in balance. I bet they are acceptable in Argentina and Afghanistan right now and no doubt in Russia and a few other places - come to think of it, you can send me some if you like. The Euro is off and running next week. About time too! Since financial deregulation in Hobbitland in the 1980s, a lot of Kiwis have US$ accounts and a bit of cash in the top draw [in case of visiting the USA]. Mqurice

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