The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: GraceZ who wrote (25755)	12/9/2004 2:16:56 AM
From: Elroy Jetson	Read Replies (1) of 306849

You're my favorite Monetarist. Your only objection to debt is that there's just not enough of it. More debt means more money supply, thus more wealth. Too bad it's not true. Just don't let your posts on Silicon Investor interfere with your compulsive spending and credit card charging - we don't want the American economy sliding into recession due to a lack of debt. I still can't figure out where Argentina went wrong. Their government spent more than they brought in - just like Ronald Reagan did, and George Bush does now. home.pacbell.net They racked up debts which they couldn't repay, just like you propose for maximum efficiency. Where did they go wrong? Who would have guessed that their creditors would become reluctant to lend without hope of repayment? That certainly wasn't very Monetarist of them, was it? .

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