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To: Michael Olds who wrote (29775)	3/11/1999 4:09:00 PM
From: long-gone	Respond to of 116845

<<What about all this cash that is being taken out of the bank on the advise of all those who would look after the best interests of their constituents. Will that alter M1 or M2 or M3 figures?>> I ain't no expert, but cash is largest part of M-1. Yes, believe there is a multiplier in equation that says something about as cash goes up M-1 goes up around 1.3X. about the cash thing, I still would NOT buy airline ticket from cash. Would rather not carry large amounts on my person. Kept in one's home, a "little" should not be a problem. Smaller bills and change are the key! (no one buys and sells drugs with jars of dimes from what I hear) druggies, I think, love big bills. Also, I'm holding onto some travlers checques for a "just in case" thing. I'm guessing as cash shortage becomes REAL others will buy travlers checques also and American Express might do well 4th quarter - BWDIK.