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: longjonsilvers who wrote (29942)	4/3/2005 9:06:22 PM
From: Elroy Jetson	Read Replies (1) of 110194

Monetarists can go to great lengths to increase monetary velocity further by issuing new credit or printing new currency. But eventually they run to the end of their rope. A few years ago they were very proud of their study which suggested a quarterly tax on money (your money would not be good without the latest tax stamp). This would discourage savings and force spending and circulation. When you read this nonsense you see how crazy they are and to what degree monetarists are willing to go to stamp out any vestiges of free market activity in our economy. Yes, they can mail everyone a check for $1 million dollars and monetize every bond in the credit market. But at the end, you still get an economic collapse. A loaf of bread might cost $1 billion, but when valued in real currencies or actual things worth having, price for real estate and other items run up in price by the credit bubble will have collapsed. .

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