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

To: Thomas M. who wrote (81760)	6/19/2000 11:26:00 AM
From: Thomas M.	Respond to of 132070

Good call, MB! Message 12359544 I think the judge will do something about April, when tech stocks are at their lows.

To: Thomas M. who wrote (81760)	6/19/2000 10:05:00 PM
From: Spekulatius	Read Replies (1) \| Respond to of 132070

Interesting article Thomas - if I understand it right, money is created by the nonbank financial institutions simply by allowing credit by leveraging assets, which have not been liquid before. This reminds my on an old thought of mine from years back. I stated that one could increase the 'wealth' not only by creating more goods or services but also by turning these assets around faster. These transactions might not create real value (like retail) but inflate the GNP and make us all wealthier on paper. I never found out why this system would not work :-).