Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (32676)	4/30/2003 11:37:14 AM
From: carranza2	Read Replies (2) of 74559

Suttree, all the deflation woes are a joke. As my good mate Milton Friedman says, the printing press can take care of that without blinking. King George II can give stupendously huge tax cuts and Uncle Al can zip some brand new pixelated $ over to Congress and the Commander in Chief to make up the tax shortfall. They could do it during tea, mid-tennis match. That's how difficult it is. A few clicks on a wireless mouse to a CDMA2000-powered 1xEV-DO notebook puter and the deal can be done. The fly in the ointment, Mq, is that it has all been done. The monetary faucets are wide open, enveloping consumers and corporations in a warm, pleasant bath of extremely cheap cash. It hasn't worked. What now?

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