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

To: mishedlo who wrote (75722)	12/15/2006 11:11:41 AM
From: GST	Respond to of 110194

<Issing, Kasriel, and the others I mentioned> They would all cross the street to avoid you if they knew that you are trying to use them to convince people that inflation refers to money supply and not to prices. Anybody with the slightest serious interest in inflation and deflation have the same purpose in mind -- to explain persistent changes in price levels. Monetarists focus primarily on money supply. Others consider monetary policy as well as other factors -- these people are not monetarists. But you are neither a monetarist nor are you anything else. You formed your own club and became its only member when you dismissed prices as the focal subject of inflation and deflation.

To: mishedlo who wrote (75722)	12/15/2006 11:21:51 AM
From: Tommaso	Read Replies (2) \| Respond to of 110194

In all previous asset bubbles except Japan's, the final reckoning had to be made in gold and silver. The saving and face-saving ethic of Japan, among other things, makes it not comparable to the United States. The United States economic and financial situation is not really comparable to anything, although with every month it does resemble somewhat more closely what has happened repeatedly in Argentina, or possibly France of the period 1945 to 1965, when France was failing as a colonial power. France had its own Vietnam War, and then the Algerian War that threatened to turn into a civil war inside France itself. It sounds as if you are among those who believe that Bernanke was speaking literally when he talked about throwing money out of helicopters. That is, it sounds as if you think he considered this a serious option.