The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: LLCF who wrote (28456)	3/11/2005 8:02:19 PM
From: Elroy Jetson	Read Replies (1) of 110194

You're right in saying, the easier it is to obtain money through credit the less valuable the money. When discussing a situation where "the Fed gives the government $2 trillion and the debt is gone", I think it is best to call this by its true name - a Monetarist Tax. The baffle-flab of the Reagan "supply-siders" amounted to nothing more than this - replace Income Tax with an equal amount of Monetary Tax while at the same time growing the size of the government at an extra-rapid pace, but that's a different kettle of fish. I'm sure you agree that new debt, which is not borrowed from someone's savings, is simply a monetary tax, not a miraculous new efficiency. home.pacbell.net .

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