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: yard_man who wrote (2398)	6/11/2003 5:03:55 PM
From: LLCF	Read Replies (1) of 4905

<-- just because there isn't a rise in a general price level when they are inflating the money in circulation does not mean that damage is not being done > Yea, let's say Xbillions a year flow into Russian mattress', can't one AT LEAST say that the loss of purchasing power of the $US is underestimated SOMEWHAT by looking at price increases here??? The answer IMO is an obvious YES... making the Austrian point at least worth looking at. We now have the situation of many possible ebbs and flows of $US around the globe, making the Fed a smaller player overall in controlling domestic monitary policy. Not that it wasn't worth getting all those goods for pieces of paper -GGG- dAK

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