Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (23460)	2/13/2005 1:03:48 AM
From: Elroy Jetson	Respond to of 116555

Your observations explain why many economists, primarily Austrian, call Monetarism by it's more accurate name, Monetary Socialism. fee.org Monetarism provides a system where credit and money are created in as much abundance as the market demands without regard to supply, as the supply is infinite. Even when inflation is actually zero, the Monetarist central bank spends into existence an amount of money equal to the growth in the economy. This heavy tax is imposed on all savers, yet it ostensibly mystifies many why the savings rate is essentially zero. Many aspects of our economy confuse many simply because the essential nature of Monetarism is hidden by design behind misleading names and actual secrecy. People blame these problems on "the government" but this is mistaken. The problem lies in the very foundation of our Monetarist economy. .