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

To: Mike M2 who wrote (76999)	3/5/2000 12:51:00 PM
From: BGR	Read Replies (2) \| Respond to of 132070

Amazing! Earlie had earlier convinced me that the foreigners were either already selling their US bond holdings in droves, or were just on the verge of doing so. And, look what happened? The foreigners started to buy instead! Don't they read the Ask God thread? Don't they have any sense? Don't these foreigners know anything about the foreign currency market?

To: Mike M2 who wrote (76999)	3/5/2000 6:19:00 PM
From: Tommaso	Read Replies (2) \| Respond to of 132070

I got the following e-mail in reply to a request form an explanation of the Austrian School Money Supply (AMS): The information can be obtained from the ST louis Fed and the FED H6 weekly release. The AMS differs from the official definitions of money because it doesn't include various credit transactions. Thanks for the e-mail Frank Shostak I guess this means that the graph at the bottom of this page: mises.org is based on recalculations of the Fed's figures for M1 or MZM, taking out travelers checks and adding in government deposit balances, but since I do not have the time or energy to investigate this any further, it would be a matter of faith for me to make any judgments using the AMS. To me, the Fed's own figures seem to make inflation inevitable, or else monetarism is pure bunk. And the only way the Fed reacts to inflation is to raise interest rates. And that means an inverted yield curve. And that means . . . I once heard a physicist call economics "a firm grasp of the obvious"--and I guess that's my problem.