Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: ForYourEyesOnly who wrote (60343)	5/22/1999 4:38:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

THC, I think he is a bit weak on what causes a lack of liquidity, but otherwise a good piece. I disagree about inflation and think we are headed for deflation caused mainly by overcapacity. His concentration on Amazon and the internuts is misplaced. Though they are spectacular follies, they are nothing to the real economy.

To: ForYourEyesOnly who wrote (60343)	5/22/1999 10:10:00 PM
From: Tommaso	Read Replies (3) \| Respond to of 132070

Sounds very convincing to me. I am at the moment printing this out (slowly, old dot-matrix) to study. The big difference between now and 1929 is that currency is totally fiat, nothing but paper, so the governments can increae it overnight at will. The U. S. Constitution assigns that power. restrained somehwat by a staggered-term Federal Reserve. I don't disagree with Michael Burke on much, but agree with Milton Friedman that nothing is so simple as curing deflation. Just print money.