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Strategies & Market Trends : Picks of the quarter

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Dec 12 9:30 AM EST

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To: Patrick Slevin who wrote (5480)	3/18/2008 7:12:11 PM
From: Mike McFarland	Read Replies (1) of 20435

Mises.org huh. It is easy to think like a Libertarian if you're a saver or a retiree watching his income lose buying power etc. But nobody complained when all the real money was printed through the 80s and 90s. After all, wasn't it the cap gains tax cuts and stock market appreciation that printed the most money? You can look at monetary policy as weakening the currency. Or you can look at the current situation and say it is merely a reckoning, a gradual destruction of too many dollars generated in the booming stock market of previous decades. Well, in any event, I forecast a decade like the 1970s, history just repeats itself. That is my two cents for the day.

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