Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 90.47

+0.5%

Nov 6 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: long-gone who wrote (25437)	1/5/1999 10:11:00 AM
From: Hawkmoon	Read Replies (1) of 116752

All of the greatest economists of history agree that it is M-1 cash floating around being spent vs "working" that is the inflationary problem. Richard, That was before the days of ubitquitous credit/debit/ATM cards, and money market accounts. It was when people put money in the bank to actually save it long-term, rather than merely an electronic replacement for their wallet and purses. I would agree that paper cash is not available to be loaned, and thus is not "working". However, overall money supply is the real inflationary indicator since the velocity of money transactions is so rapid. The only reason cash should be a concern is the lack of it and demand for it due to crisis preparedness. We have gradually reduced the amount of cash in circulation relative to the total amount of money in the system in electronic form. Those were the days when you paid soldiers in cash, rather than mandatory direct deposits. Thus, economic analysis should be adjusted accordingly. Regards, Ron

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next