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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: 16yearcycle who wrote (11262)	5/3/2002 12:41:28 AM
From: Dave	Read Replies (1) \| Respond to of 57684

Maybe then idiots who don't understand the effect of a contraction in supply will get the idea. Maybe those idiots look at the chart you just posted and are alarmed to see a consistent 10% annual increase in the monetary base. Maybe those idiots have a point. it might be a good idea if the fed printed money at a growth rate that kept up with the rate of population growth The U.S. population increased by about 0.1% annually between 1990 and 2000 (see www.census.gov). Be careful what you wish for. Or maybe they should just finish off the job they started in January 2000 by taking 50% of the money out of circulation, burning it, and not printing any more for about 20 years. Or maybe the power-happy New Economy bozoes in the Fed shouldn't have printed money in 1999 as if there were no tomorrow. Dave