Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: GraceZ who wrote (2401)	6/11/2003 12:38:42 PM
From: yard_man	Read Replies (1) of 4905

>>I think you guys who follow this Mises miss the reason why the money supply grows in the first place. It grows because every single day people, through their efforts, add to the value in the economy and money supply grows in order to represent that value.<< pardon my french -- but that is bullshit gotta go -- I'll post a longer reply after lunch. But think about this: If economic activity is measure in currency terms and the currency is increasing -- of what real worth is that as a yardstick?? Let's take everybody's account today and add two zeroes behind it -- presto we are all better off, aren't we??

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