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

To: gpowell who wrote (33944)	7/21/2005 1:19:38 AM
From: Elroy Jetson	Read Replies (1) \| Respond to of 116555

Growing the "Money Supply" twice as fast as growth in the economy is not just like an economy based on a "Gold Standard." I understand your blind allegiance to the bankrupt Monetarist philosophy compels you to defend the indefensible, and you're willing to look the fool in doing so. Yes, Greenspan's monetary policy is a little like Spain being on the "Gold Standard" -- during the 1600s when shiploads of gold arrived in port everyday. Other than that comparison, the restraint you speak so highly of is mostly like a drunken Monetarist stripped down to their underwear, wearing a lampshade as a hat, while pissing on a policeman's shoes. For some people, every type of aberrant behavior is an example of prudent restraint. I'm glad you're not a neighbor. .