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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (40712)	6/19/2000 8:27:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 42523

>The Fed's last 10 years worth of "pumping" didn't cause inflation, nor >did it cause the dollar to falter. I think that it is again humility >time for you. I think it's medicine time for you. Be a good chap and swallow the pills where I can see them.. Gooood. If you've got half an ounce of clue, you'd come to the realization that the last decade of greenspan's printathon has produced PAPER ASSET inflation, of the highest degree. Which not surprisingly is the one segment that the government keeps no track of. Take a stroll through Palo Alto and check out housing prices if you think paper asset inflation has no impact on the Real World.

To: BGR who wrote (40712)	6/19/2000 8:40:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 42523

absolutely not. imo the Fed has made an enormous mistake - the same mistake that was made in the 1920's, only by several degrees larger. in times of high productivity growth the pumping up of the money supply results in a credit and asset price bubble, and a splurge of malinvestment. if a price deflation due to productivity growth were to occur, we should happily accept it. why do you think we have to have inflation? btw, the judgment day for the dollar - and the credit and asset bubble is coming, no doubt about it. you can thank me later for having warned you...