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To: Follies who wrote (55372)6/26/2000 7:37:00 PM
From: UnBelievable  Respond to of 99985
 
Great Idea. But We Better Do It Quick

$1.7 Trillion is going to buy what it used to.



To: Follies who wrote (55372)6/26/2000 8:12:00 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 99985
 
Dale, you can't take this 1,7 trillion surplus and put it in the market, or anywhere else for that matter. while i sympathize with your new age idea to invest it entirely in AMZN and EBAY stock, the problem is it doesn't exist yet. however, i'm sure Al can print it up somehow. this is how the Ponzi scheme works: Al prints more than the economy needs. the surfeit goes into the market, where capital gains are produced due to the utterly manic trading activity(reaching 385% of GDP this year). the govt. collects the capital gains taxes - presto, surplus.
if he gave the money he prints directly to the treasury there would be less transactional costs involved, which is what the WS vultures need for their well-being. their pound of flesh so to speak. what's more, it would be a lot less fun.
we are indeed witnessing the invention of the free lunch...

-g-

regards,

hb