Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Canuck Dave who wrote (12965)	6/24/2003 11:52:59 AM
From: austrieconomist	Read Replies (2) of 39344

The problem with equating these market debt instruments with money creation is that they are merely "asset/debt" arrangements that are in balance. No money is created. On the other hand the Fed can create money by making a deposit where previously no asset existed. This is what is inflationary -- creating money where previously none existed. That is what debases the currency.

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