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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (210986)12/20/2002 3:26:55 PM
From: orkrious  Read Replies (1) of 436258
 
great piece by Steven Saville

speculative-investor.com

excerpt:

Someone who understood the true nature of the problem facing the US would not need to contemplate whether it was possible for the US monetary authorities to "reflate" their way out of the current mess. It's as simple as this: If the problem is too many dollars, then how can creating more dollars possibly do anything other than make the problem even worse?
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