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To: Real Man who wrote (394431)9/16/2009 2:28:48 PM
From: Elroy Jetson  Read Replies (1) | Respond to of 436258
 
Your analysis of "money supply" over the past year, without an estimate of the offsetting unrealized losses at financial firms, has been equally meaningless.
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To: Real Man who wrote (394431)9/16/2009 3:15:00 PM
From: maceng2  Read Replies (1) | Respond to of 436258
 
John Maynard Keynes quotes:

If the Treasury were to fill old bottles with bank-notes, bury them at suitable depths in disused coal-mines which are then filled up to the surface with town rubbish, and leave it to private enterprise on well-tried principles of laissez-faire to dig the notes up again (the right to do so being obtained, of course, by tendering for leases of the note-bearing territory), there need be no more unemployment and, with the help of repercussions, the real income of the community, and its capital wealth, would probably become a good deal greater than it actually is.

So why don't we just go back to the gold standard, open up some more gold mines and start digging to full employment!

The way out of this recession is just so easy... whats the friggin problem??