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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (1330)	2/23/1999 1:57:00 PM
From: Mike M2	Respond to of 1722

Wayne, exactly! IMO this is one of the reasons that the austrian school of economics is not popular Why should the establishment upset a system that is rigged to their advantage. Mike

To: Freedom Fighter who wrote (1330)	2/27/1999 4:52:00 PM
From: porcupine --''''>	Read Replies (1) \| Respond to of 1722

"That means that those that get the new money first are at an advantage over those who receive it later or last in terms of purchasing power. In other words, it is a wealth transfer mechanism. Banks, brokers, and government get the new money first. It's no wonder they love it and support it." This is the obverse of the cross of gold problem. When fiat money is taken away, the first who will lose it were the last to get it in the first place -- the people on the bottom. Sometimes taking from the rich can make the poor better off. But, sometimes it just makes the poor even poorer. Shrinking the money supply seems like it would have to result in the latter.