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To: Oblomov who wrote (207174)11/28/2002 11:21:04 AM
From: pogbull  Respond to of 436258
 
I read a few of Parks' lines with skepticism as well. I do, however, agree with most of what he had to say.
He may be a bit of a crank, but he is a crank in the direction of fiscal soundness.

This can't be all bad when we have Fed Gov Bernanke extolling the virtues of monetization.



To: Oblomov who wrote (207174)11/28/2002 11:59:45 AM
From: At_The_Ask  Read Replies (1) | Respond to of 436258
 
Note also, the GDP in 1950 was $294.3B, and the GDP in 2001 was $10.3T

What was the percentage growth in constant dollars? I'll venture it is nowhere near the growth of total money supply during the same period which is the crux of the entire interview. I think you missed the point.



To: Oblomov who wrote (207174)11/28/2002 10:38:11 PM
From: At_The_Ask  Read Replies (1) | Respond to of 436258
 
he will get the follower-remnant of Dr. Peter Beter on board

Is there really someone named Peter Beter?.....ROFL