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To: John F. Dowd who wrote (91275)	10/29/1999 11:58:00 AM
From: Harry Landsiedel	Read Replies (1) \| Respond to of 186894

John F. Dowd. OT OT Re: "I guess it does fiscally on a permanent basis what monetarily AG would do on a temporary basis" That's OK by me. But I agree with your 50/50 approach. Re: "The Fed is always fighting the velocity of the money as far as money supply expansion is concerned. That increased speed seems to create a virtual expansion in the supply of money." That sounds a bit scary to me. But the other day somebody told me the FED can only account for half of all the money in circulation. HL