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To: Horgad who wrote (72141)6/21/2001 1:26:26 PM
From: Gary H  Read Replies (1) | Respond to of 116786
 
If anyone thinks gold sucks, take a look at the vacuum created by Greenspan's printing presses.

"It doesn’t follow however, that one can lift economic growth and effective real aggregate spending through the printing presses. When money is printed i.e. created "out of thin air" by the central bank it sets in motion an exchange of nothing for money and then money for something i.e. an exchange of nothing for something. An exchange of nothing for something amounts to consumption that is not supported by production."

"Is Saving Bad For The Economy"
mises.org



To: Horgad who wrote (72141)6/21/2001 1:35:10 PM
From: long-gone  Read Replies (2) | Respond to of 116786
 
You know, "gold Sucks" Ken showed up, must be time to buy -eh?