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To: Ilaine who wrote (4459)	6/7/2001 1:28:10 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 74559

Message 15902739 -bg- your argument has of course merit...however, the starting point of the debate was the fact that there is a credit bubble that has developed a frightening dynamic of its own, and that the Fed is printing money in inordinate amounts (this is not to downplay the role of the financial intermediaries, but the Fed aids and abets) and that that is unhealthy. as proof i have already cited the burst technology bubble, which was a direct result of the Fed's policies. a year from now i will have more proof. interesting interview with Howard Hill (big dude in bond land...i agree with his predictions, by and large): urbansurvival.com

To: Ilaine who wrote (4459)	6/7/2001 1:31:17 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 74559

if you want a reason NOT to worry about the credit bubble pyramid, some expert advice was just pointed out to me: Message 15908791 -bg-

To: Ilaine who wrote (4459)	6/7/2001 7:13:59 PM
From: LLCF	Read Replies (1) \| Respond to of 74559

<Now this, please forgive me for my rudeness, which is not directed towards you but to Rothbard, is ludicrous. > I suppose you thought about it more thuroughly than Rothbard??? NOT! Your whole rant makes no sense IMO. You forget that as wages are cut the new lower wage has in reality lost no purchasing power because all other prices have also fallen... WTF?? So you would now have 1/4 cent pieces and 1/100 cent pieces in circulation... get it??? It is the exact flip side of what we have... ie. pennies being worthless and everyone walking around with a grand in his wallet. DAK