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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Hawkmoon who wrote (96407)4/13/2009 2:13:56 AM
From: mishedlo1 Recommendation  Read Replies (1) of 116555
 
Increased demand for money in Austrian economic terms means a time preference to HOLD money (as opposed to buy assets).

ie. demand for money is high, people do not want to part with it.

Many people get this wrong the first time they hear it so I am happy to clarify. The Fed is indeed attempting (but failing) at reducing the demand for money.

However, there is no NEED to increase demand for assets. If there is a need for anything, it is increased savings.

Mauldin is simply wrong on these issues.

Mish
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