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To: longdong_63 who wrote (11838)	5/31/2004 2:28:51 PM
From: c.hinton	Respond to of 108642

What a world when one is advised to bet on somebody being competently incompetant.ng Or maybe competently incontinent is more appropriate.g

To: longdong_63 who wrote (11838)	5/31/2004 10:12:44 PM
From: NOW	Read Replies (1) \| Respond to of 108642

" the purchasing power of the money increases during a monetary contraction."standard economic analysis, but why didnt the dollar falll in value during the 80 and 90s printathon? per his analysis, the supply of things grew equally fast?

To: longdong_63 who wrote (11838)	6/1/2004 8:14:11 AM
From: Roebear	Respond to of 108642

ld, (+ Questions for all) Excellent article, thanks for posting it. Recently I read that a bill reducing the tax rate (5% I think), for a limited time, for US corporations who repatriate their foreign profits, had passed one house of congress. Does anyone know if this bill was signed into law? If this "foreign profits" bill has been or will be passed into law, does anyone have an opinion on what that would signify in comparison to the following excerpt from ld's article, as it would appear disingenuous to bring US corporate dollars home, if the US was expecting to receive a mass of dollars from foreign debt holders selling US dollar denominated debts?: As Duncan explains in his book, US dollars held by foreign central banks serve as part of the monetary base upon which those countries can expand their domestic money supply, driving a boom-bust cycle. A series of crises – in Mexico, Asia, Russia, Argentina – resulted the accumulation of even more dollar reserves in a rush for the “safe haven” currency. Whether this process has any limits will be a key to understanding the future of the dollar’s exchange value. After decades on the world dollar system (and the recent financial crises), there is an estimated $500 billion in US currency (coins and notes) that circulates outside of the US. Currently, foreign holders own over 20% of US treasury debt, a figure in the trillions of dollars. Best Regards, Roebear