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: SouthFloridaGuy who wrote (28932)	3/30/2005 3:56:26 PM
From: Elroy Jetson	Read Replies (1) of 306849

I think you'll discover that followers of the monetarist cult believe de-leveraging and recessions are abnormal and are no longer necessary. They have replaced "supply and demand" with high-speed printing presses which "supply the demand" thus freeing the economy from barbarous relics like market constraints. Their system also eliminates the need for savings, aka deferred consumption, since capital can now be printed - or so they believe. In spite of the fact that total debt in the US economy is currently more than 350% of annual gross income, they believe further "efficiencies" will be achieved as debt is increased to 2,600% of annual income. For a monetarist, debt is seen as an "efficiency" which can be created in infinite abundance without any practical limit. While we find these views comical, monetarists are more than willing to destroy the US economy in an effort to prove their validity of their long discredited "system" - as they fix the problems caused by excessive credit creation with even more credit creation. .

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