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To: Hawkmoon who wrote (52690)	5/13/2000 11:34:00 PM
From: LLCF	Respond to of 116927

<I think you should omit the period.> Not in a strict sense. <Printing more money in order to monetize excess debt is quite a different animal than printing the necessary money to handle the economies ability to grow.> Of course you want to 'lubricate' the economy. Milton Friedman and the monetarists [which I count myself as one in general terms] believe in growing the money supply at the real rate of economic growth [well close anyway]. HOWEVER, I believe even Milton would agree that 20 years later the price level would still be higher by the increase in the money supply... no? DAK