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To: AndyJackson
So you’re not admitting that this statement, “The real problem with the US$ as a reserve currency is that whenever the US government has been running a bit short it just prints some more” is wrong?
81 posted on 11/21/2007 8:35:00 AM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: Toddsterpatriot
Look your game of counting how many hands pass the shell with the pea under it is an irrelevant distraction.

The simple issue at hand is who controls the total quantity of $ credit can debt in the economy, and who benefits from increasing it.

Maybe you are some 2nd rate publicist for Greenspan, I dunno. But you seem awfully concerned to obscure, deny or ignore the fact that money is created by the treasury / federal reserve (with perhaps, and ignoring their golden slice of the action, largely irrelevant middle men in the transaction); that its effect has been inflationary; that certain folks/entities benefit at the expense of other folks /entities; and that it creates perverse incentives that distort the economy and lead to malinvestment.

82 posted on 11/21/2007 8:49:05 AM PST by AndyJackson
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