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To: ahhaha who wrote (70729)	5/30/2001 5:41:53 PM
From: yard_man	Respond to of 116906

nice post ... very few believe the following, but it is certainly true. >> You could have a constant negative rate of growth of money supply with no effect on GNP. A gradually shrinking money supply merely means that everything is growing more valuable in terms of its exchange designation, but not growing in value necessarily intrinsically. Why should that effect economic activity level? Friedman liked setting the constant rate at productivity growth. It's as arbitrary though as an integration constant. << Thanks.