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To: pater tenebrarum who wrote (55169)	6/26/2000 9:27:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 116752

money supply growth has been completely out of control for well over a decade now (with no signs of slowing down btw. I would hope you don't believe that money supply should remain stagnant and not expand to meet the economy's ability to grow relatively free of inflation? Additionally, productivity increases have resulted in higher wages for workers in the IT sector, who have gone and bought real estate and physical items/assets. And personally, I don't really believe there is a middle ground with regard to the gold/fiat systems. If one truly follows a gold standard, economic growth becomes dependent on the amount of gold available to be mined, or the willingness to revalue currency versus gold from time to time. To do anything else is merely yearning back to the days where people perceived that gold was the backbone of the financial system, when in fact it was merely a facade. I still say it's better that the value of a currency is based upon the economic policies/health/growth of the issuing nation. That way, investor capital will continue to flow to where it finds the greatest safety and best return. As a result, the US will continue to pursue the proper economic policies, the world has a relative safe haven from their own corrupt business structure (more corrupt than ours, at least), and the US has the Ace up its sleeve in that anyone wishing to destroy us, will likely destroy themselves in the process. Regards, Ron

To: pater tenebrarum who wrote (55169)	6/26/2000 9:35:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 116752

money supply growth has been completely out of control for well over a decade now (with no signs of slowing down btw. -broad money measures M3 and MZM have re-accelerated once more), creating an enormous credit bubble and the ancillary bubble in stocks and real estate. Haha. All three: M2, M3, MZM are showing a MACD downtrend. And the Broad MZM is actually showing signs of complete collapse. Your comment about the money supply growth is a complete farce. Pre 1987 the money supply swings were more profound then they have been for the last 5 years. The US monetary supply is healthy. the fact that there are no curbs on money supply growth needs to be seriously re-examined by policy makers imo. What, in your opinion, is the use of monetary supplies? Hutch