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 : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Amy J who wrote (27854)	3/6/2005 6:15:24 PM
From: Elroy Jetson	Respond to of 306849

There's only so much Buffett can do when virtually no Americans want to listen. Monetarists still believe every problem can be solved with yet more debt. While the name Monetarist may be relatively new, their ideas are not. Prior to the 1950s, quack economists espousing Monetarist ideas were called "Currency Cranks" by all reputable economists. Because of their fervent belief in the magic of debt and leverage, Currency Cranks have always been popular with that segment of the public and their elected representatives who are looking for an easy way out. Since the Reagan era, Currency Cranks have also taken to calling themselves "Supply-Siders" with the same tragic results - a temporary demand boost provided by the new oceans of debt, followed by financial bubbles, and finally collapse or stagnation. .