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To: Maurice Winn who wrote (10948)11/2/2001 1:42:10 AM
From: Cogito Ergo Sum  Respond to of 74559
 
Message 16596203 eom



To: Maurice Winn who wrote (10948)11/2/2001 7:38:56 AM
From: smolejv@gmx.net  Respond to of 74559
 
Hi Mq:

you cant expect money (whatever aggregate) to reflect the state of economy (GDP growth = Money growth aka amount of new money = new value produced) and at the same time race with Japanese (Huh?) who's better in printing. So its not two fires, just one (or less).

15% M3 growth and no inflation?! - well the bed cover got too short this or the other way. If US does not want to have its knees to stick out, then we'll sure see its behind - the deflation. Not that anybody will ask what is preferrable - it will just happen (probably already started with some butterfly fluttering his wings or flower opening its cusp down in NZ - I always knew it would eventually be YOU, Maurice ;)

>>Ideally, we don't need much money at all and just get all the stuff we want for 1c or two<< Yeah, but you are talking macro economics. Me and you, we are nano economies. The cent level, yeah.

Have you ever read Tristram Shandy? He had a similar refreshing approach as you have to world problems.

Regards

dj



To: Maurice Winn who wrote (10948)11/2/2001 11:27:18 AM
From: LLCF  Read Replies (1) | Respond to of 74559
 
<When I look at CDMA phones and the 1990 analogue phones, I think we are doing better than single digit productivity improvement. >

When I look at the new 911, and the one ten years ago, I agree.... BUT productivity is already measured in the economy by wages vs output. If the new 911 doesn't increase output or reduce wages then it doesn't matter... yet in the world according to Govt statistics [hedonic pricing] they simply change the price [downward] of the car because THEY perceive it as better, and hence reducing the official rate of inflation. Same with computers and your phone. My favorite example is my own business, all my faster computing power and gadgets are great, AND make my life easier... but all that is ALREADY accounted for in my earnings, we don't need AL to tweak my expenses downward increasing my productivity for me! I should be laying people off and replacing them with the computors OR watching my bottom line rise like a souflee due to my new stuff.

<What real estate bubble? That can be fixed with low interest rates and lots of printing to avoid a collapse. Which will also help reduce the value of the US$ [if that's what you want]. >

Yes, I see you're basically saying that there is no such thing as a monetary policy that is too loose.

GOT WHEELBARROWS?

DAK