Hi Herb - re: inflation by credit
Thank you for the clarification. In anticipation of its potential
truth, however, I may be going long on Campbell's tomorrow.
<...By providing capital we will keep the system , as we know it,
moving forward and this would be positive in the short run...This
would be negative in the minds of many as this would destroy the
value of our currency , thru inflation , in the long run...>
Inflation is a short-term, not long-term, condition of our economy.
That is why the Fed tries to keep it in check every three months.
Printing more currency will only exacerbate the problem.
You, and Gottfried, and most certainly Iceberg will shoot me for
this, but I'm beginning to wonder if Greenspan shouldn't give us a
little rate hike. It would tone down the market giving us the relief
that a 'small' earthquake does. Plus, it would tone down the 'free-
to-do-anything' borrowing in which people like my parents engage.
Then again, it's late and my thoughts aren't the clearest, so
maybe I should sign off before saying anything more stupid than I
already have.
G'Nite John-Boy =)
-MrB |
