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  • From: "Don Bowen" <don.bowen AT earthlink.net>
  • To: <homestead AT lists.ibiblio.org>
  • Subject: Re: [Homestead] If this don't scare ya ....
  • Date: Mon, 7 Apr 2008 08:02:14 -0700


Yes, they did and Bernanke has been laying the fertilizer to it. He has been
declaring an extra $100B to exist every two or three weeks for some time now.
Extra money suddenly dumped means only one, more money chasing the same goods or inflation. The money also is used to fuel the asset price inflations commonly known as bubbles. Greespan dumping more money on the misplaced Y2K worries helped fuel the dot com bubble. Money to get out of that helped fuel the housing bubble. Money to get out of that helped fuel the ????? bubble. Eventually it all comes tumbling down. The system will reset and start all over again, some will make out more will get hurt.

People don't know squat about economics. How many times have we heard, 'If
we weren't spending a billion a month in Iraq, we could .... schools, medicine,
feed the poor, etc." No you can't. If you apply more money to something, it
doesn't create more of that thing, it only makes it more expensive.
Depends. Money poured down the Iraq rat hole is money just poured down a rat hole. Money spent on investments for the future such as better health care, schools, roads and bridges, revitalizing railroads, research is money that is invested in the future. An easy to see example is the money that flowed from the new world into Spain and England. Spain spent the money on lavish lifestyles, huge manors, etc. England spent the money on canals, steam engines, innovation.


Don Bowen KI6DIU
http://www.braingarage.com/Dons/Travels/journal/Journal.html




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