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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (69611)10/27/1999 11:01:00 AM
From: Mike M2  Read Replies (2) | Respond to of 132070
 
To all,from gold-eagle a good read by David Cohen " Over the past three years (from Spring, 1996 until Spring, 1999),
American money supply (in the form of M1, M2, and M3) has
increased the equivalent of almost the entire 10 preceding years
(1986-1996). In effect, with such super expansion of the US
dollar money supply, there has been a de facto devaluation of
the US Dollar. Since such devaluation is not yet reflected in
today's US Dollar value... and since there is no strong evidence
of inflation... the government pronounces the economy "the best
it's ever been!" After all, time and time again, we are told: "There
is no inflation!"

gold-eagle.com Mike



To: Knighty Tin who wrote (69611)10/27/1999 12:58:00 PM
From: Les H  Read Replies (1) | Respond to of 132070
 
They need to cut government spending and employment before they cut taxes. Create some slack first. Start with getting rid of EITC first.


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