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To: AdamSelene235
Ah, sorry, as I see it, the growth of the money supply *is* the inflation rate.

So if you were in charge, instead of the politburo attempting to centrally manage and manipulate the economy, the ideal money supply would remain constant? Are you saying M3 growth equals (true, Adam Selene, not fake politburo)CPI growth?

60 posted on 09/29/2005 7:18:59 PM PDT by Toddsterpatriot (If you agree with Marx, the AFL-CIO and E.P.I. please stop calling yourself a conservative!!)
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To: Toddsterpatriot
So if you were in charge, instead of the politburo attempting to centrally manage and manipulate the economy, the ideal money supply would remain constant?

No, I would not try to manage the money supply nor would I tell people what they and may not use as a means of exchange. You want to electronic uranium backed credits, fine. Electronic commodities bundle, fine? Just don't give the government the power to control the medium of trade. That sort of power is far too dangerous to be trusted to governments.

Are you saying M3 growth equals (true, Adam Selene, not fake politburo)CPI growth?

There is no way to predict the consequences of currency debasement. Nor is there any such thing as a general price level.

61 posted on 09/29/2005 7:26:19 PM PDT by AdamSelene235 (Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
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