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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Lazarus_Long who wrote (11511)12/13/1997 6:27:00 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 94695
 
James, >>I don't understand this. If a monetary authority increases the money supply significantly more rapidly than its economy grows, the result is (usually) inflation of its currency.

Believe you me I am not an expert here, but the ex fed govenor said when currency is being horded and not used, increasing the money supply does not matter.

Joan