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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (21448)	7/19/2002 11:12:54 AM
From: LLCF	Read Replies (1) \| Respond to of 74559

<DAK, yes, dilution reduces the value of previously printed money> Worth repeating IMO. <but my point was that the creation of money, using a few penstrokes and trust in the creator of the currency, is enormously valuable> Again, there is no free lunch. <and that it's a heck of a lot easier than digging up gold and storing it> And my point is that it is interesting that human behaviour is such that without scarcity propensity to hold declines. Like a limited edition lithograph who's mold indeed was NOT broken, the dollar has retained preference for a while, but eventually even the man on the street hears the news: quotes.ino.com <Because demand for US$ continues to grow, Uncle Al can print more> Yes, the central [and in your analysis, under appreciated] tennant in your theory. <<The fact that pixels and software and hardware are almost zero cost is only slowly percolating through people's understanding.>> Yes, the herds stampeding into $US assets to buy a piece of our economies 'holy grail' [new economy's promised productivity miracle] are just now beginning to understand that zero cost means zero profit: quotes.ino.com <he can capture that value for the owners of the currency. > No, the owners of the printing press. < The implications for people are enormous. The telecosmic black hole and cyberspace shrivelling to a faint shadow of its past has misled people into thinking it was all a big mistake and that it's all gone away. > No, it's made people realize that when things are free and there are no profits, they shouldn't have invested in them... ie. it was all a big mistake. Foreign investors in the 'new economy' are selling their dollars now: <Major paradigm shift is happening.> It sure is. DAK