[Chances Are]

This is a fascinating theory that has really got my juices flowing!

Other than the book that you mention, has this theory found an outlet for public consumption? University papers? Online discussions? Obscure Web sites? Anything at all?

Believe me - I'd really like to know!

Thanks!

CA....

[LS]

I am awaiting George Gilder’s new book in the mail in hopes he will lay it out, but not really.

I have a friend who is a finance prof (holds a chair) at Columbia and told him this. He did NOT dismiss it, but like all academic economists wanted a bunch of micro research first.

I admit this kind of flies between other the classical and Meynesian theories. Some monetarists try to focus on the lack of velocity in money, but I see that as a symptom, not the cause. The cause is deflation brought about by inaccurate valuation of productivity increases.