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


To: Sunny Jim who wrote (70903)11/4/2007 11:04:11 PM
From: mishedlo  Respond to of 116555
 
The money supply we have right now is sufficient.
Over time, because of rising productivity, money should buy more (not less stuff).

The natural state of affairs is actually deflation. For example it takes 1 farmer today to produce what 80 farmers did a few decades ago.

Mish