Jim: > Now asset prices are "deflating." Is that because of a declining money > supply? is there a Monetarist in the house?
Why do you think there was an asset price inflation in the first place? Did the easy credit not lead to a huge growth of money that had to go to somewhere? By the way, I did not call it "hyper", I called it "very high" and others call it bubble. Do you have any doubts about that we had gone through a very high asset price inflation? What does what I said have anything to do with Monetarism? Best _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
