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

To: GraceZ who wrote (53696)	2/13/2006 12:15:49 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 110194

Excess creation of money and credit has created both monetary devaluation and an increase in the nominal price, not the real price, of assets. Where do you point to this increase in nominal asset prices as "prosperity" and "capital gains" ? Message 22156453 Message 22161322 You believe the essential Monetarist lie - that all economic prosperity is based on increasing credit and money, and all economic problems can be solved through the resulting monetary devaluation. Indeed this does distort the numbers found on the Economagic Lie Server so severely that recession appears to be prosperity. But only a person like yourself is stupid enough to believe it. .