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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Don Lloyd who wrote (19490)6/5/2002 6:01:20 AM
From: Maurice Winn  Read Replies (1) of 74559
 
<Money is the only economic good that provides no economic or societal benefit from an increased supply. >

Hello Don. How about as a form of taxation to provide for defence, judicial and other government services? As the economy expands, more money produced by the government can mean income from the money tree for the government, which means spending power for them, without causing inflation, because there are lots more goods and services being chased by an increased number of dollars meaning there's a constant ratio of money to goods and services.

Also, if there are dramatic productivity increases, so it takes little effort [costs less each year] to produce something, prices would drop if the government didn't shrink the measuring stick. Governments can therefore capture the profits of the productivity increase by printing more money, without causing prices to rise.

Not only those good games, but how about when Argentina, Russia and the like have their currencies replaced in whole or part by US$? The USA can produce a LOT more dollars which will be used to circulate and sit in bank accounts and filing cabinets and tills and pockets in those alien countries. Each of those dollars printed are non-inflationary spending power by the US government.

The USA government is providing a service to foreign countries which is both an economic and societal benefit to the USA and also to the foreign countries.

I think we can expect to see continuing printing of US$ and shrinkage by 2% or 3% a year. That will represent enormous spending power by the keepers of the presses, [GeorgeW and co].

Mqurice
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