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Politics : PRESIDENT GEORGE W. BUSH
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To: DuckTapeSunroof who wrote (468612)10/1/2003 1:57:06 PM
From: DavesM  Read Replies (1) of 769670
 
Can you give an example of a country that does not have "fiat money"? Can you give an example of any first world countries that are not running deficits?

re:"Only in the last few years, however, has the growth rate in our money supply ramped up so dramatically --- far exceeding the base inflation rate.

So what! The base inflation rate is near or at zero. I thought that as long as increasing money supply does NOT cause an increase in inflation, there is nothing wrong trying to stimulate a stagnant or faltering economy by increasing the money supply. I thought that, what would be WRONG in a deflationary cycle (or recession, where inflation is not a problem) , would be to contract the money supply. Would running large Federal surpluses contract the money supply?
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