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


To: Elroy Jetson who wrote (56150)3/18/2006 11:21:17 AM
From: GraceZ  Read Replies (2) | Respond to of 110194
 
A rule based system wouldn't demand that the money supply stay at a constant 2% growth rate if an amount of money were simply added to the supply at 2% per year. All it would do is mimic the slow growth in money that was seen during times of a commodity backed money system without the supply shocks that occurred when large stores of gold were discovered.