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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: GST who wrote (51297)1/25/2006 11:35:37 AM
From: Tommaso  Read Replies (3) | Respond to of 110194
 
>>>money supply is never more than part of the equation<<<

Yes, that is where Milton Friedman went wrong. He underestimated the capacity of the world to increase the output of goods and services so as to outpace monetary growth.

But lately the expansion of money and credit has been huge.