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To: TobagoJack who wrote (23626)	9/28/2002 2:14:29 PM
From: Maurice Winn	Respond to of 74559

On buying shares using freshly printed money. I'm not suggesting the government should buy bankrupt baseless companies such as the dot.com wacko stuff. I meant real companies with real assets and real value. When the government prints money, they have to do something with it. My preference would be for more roads and stuff to be built rather than to pay more welfare criminals to torture more children. Buying shares is a reasonable thing to do. Heck, I do it myself if they are cheap enough and I think the governments are going to do what they do, which is print themselves a bunch more spending power. If they can't find reliable borrowers, [the companies they buy might not have borrowing needs], then buying shares seems reasonable. I suppose these 'safe' companies could borrow the freshly printed money at low enough interest rates and buy back shares. That would have the same effect as buying the companies. I think so anyway. More or less. But as you say, mere money go rounds, especially when involving theft, do NOT create wealth. I wasn't suggesting that. Now, I think I'd better have a nap... Mqurice