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

To: Freedom Fighter who wrote (72292)	12/23/1999 4:04:00 PM
From: bill meehan	Read Replies (1) \| Respond to of 132070

Wayne, Mike, all: Hope everybody has a great holiday season and a profitable and healthy New Year!

To: Freedom Fighter who wrote (72292)	1/3/2000 8:02:00 PM
From: BGR	Read Replies (1) \| Respond to of 132070

The amount of credit extended would be roughly equal to the amount of savings available. Savings could take various forms. (risky and not) So, IOW, you will not allow a society as a whole to take a loan against its future growth potential (e.g. from other societies, i.e. via external debt), though such will be acceptable in the case of private individuals and institutions!? So, an US investor will be forbidden from investing abroad, I guess, in your model? What a step backward! The increase in the money supply would be related to the increase in production via some free market control. (no Fed or fiat bank credit) I thought that the banks served exactly this purpose! What sort of free market control are you advocating - particularly since that seems to be the key to solving all sorts of problems in your model?