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To: Glenn D. Rudolph who wrote (121520)	3/24/2001 9:16:55 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 164684

gdr, i have nothing but respect and admiration for your business accomplishments. if i were in your shoes, i would hope to do as well as you have actually done - and i have HIGH expectations! however, the game you described only works short term. if it worked long term, why doesn't the govt just give everyone a million dollar check and make us all rich? screw the stock market - print me some cash, baby! the bottom line is that this course of action will devalue the dollar. will foreigners want to hold us assets long term as the dollar loses half its value ever 3-4 years? no way! btw, this IS the arguement against fiat money. EXACTLY what you want is EXACTLY what the fed ought to - but never can - resist. everyone wants more and more and more. nobody wants any pain - however, we do not live in a perfect world. problem? print money! preblem? print money! repeat. pretty soon the problem becomes you are not printing money! purchases shouldn't be made based on every increasing debt and negative savings. it isn't sustainable. remember how i have said the fed lies about productivity and boosts the number 100%? well, that productivity growth ISN'T helping the economy b/c it DOESN'T EXIST. therefore, alan.com has to mint more and more money. very old economy, if you ask me. notice, even william uses money supply growth as a key indicator - and not productivity growth! whether he knows it or not - he is betting on old economy fundamentals! screw the new economy! ;-) best of luck. i hope the reality doesn't impact you (or me or anybody) that badly. if america needs an economic spanking, though, i want 2 or 3 licks and not 20 or 30.