> -----Original Message----- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On > Behalf Of John Williams > Sent: Monday, September 22, 2008 10:10 PM > To: Killer Bs (David Brin et al) Discussion > Subject: Re: Free Market > > > Would you care to inform me what "my theory" is that you repeatedly refer > to, claim all economists disagree with, and proceed to list some data and > some anecdotal evidence that you say disproves "my theory"?
That wasteful government spending is the source of inflation. If this were true, then the inflation curve would track the government spending curb. That there is no data supporting monetary policy has an effect on the economy. That monetary policy of lowering interest rates to banks is one and the same as the federal government running a deficit. The money the Fed lends to banks expands the money in the economy, but it does not count as an asset that governments can spend. If you make a flat statement, I tend to believe that's what you believe. Dan M. _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
