Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: shades who wrote (29146)	5/2/2005 12:49:28 PM
From: mishedlo	Read Replies (1) of 116555

Fleck Today moneycentral.msn.com There's obviously a good chance that, when the stock market really tanks and the real-estate market goes with it, and given all the debt that's piled up, we could experience the break to deflation that many people are expecting. That said, the Federal Reserve would fight deflationary symptoms tooth and nail by printing more money, so it's not clear how the dollar would survive that. Fleck's earlier: All Roads Lead to Inflation First off, let me take a step back. For my entire career, I always have believed that monetary stimulus "works." Throughout the Greenspan reign, I have believed that the Fed would print as much money as was required to try to make things better. Consistent with those two points, I always have believed that in a social democracy with a fiat currency, all roads lead to inflation. 11/17/03 moneycentral.msn.com Precious-Metallic Armor for the Crisis of Confidence Lastly, and most important, I believe that in a social democracy with a fiat currency (like ours), all roads ultimately lead to inflation. And in fact, that is the story of all paper currency regimes. They all collapse. 5/01/03 thestreet.com

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