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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.70-0.3%Dec 5 4:00 PM EST
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To: ahhaha who wrote (12705)6/8/1998 6:06:00 PM
From: goldsnow  Read Replies (1) of 116796
 
>>>Government infrastructure expenditures are not inflationary.

>>>Inflation occurs when people demand more than the worth of their output. >>>

Any gvn expenditures (especially massive such as undoubtedly China at some point would embark on would increase price of base metals for the private sector (artificially reduced at present by Asia crisis and duming practices of Poor commodities producing Countries strapped for cash (Russia, Africa)

Worse, GVN expenditures are largely waistfull, thus
leading to >>>Inflation occurs when people demand more than the worth of their output>>>

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