Starbuck wrote:
I said if you increase the money supply without increasing productivity, it
will result in inflation where the buying power of the dollar will be the
same before the increase in money supply. I also said inflation is the most
regressive tax any country can implement.


Both of those are basically correct. Oversimplified to the point of
being useless, but basically correct.

You said no it won't,

??? Where?

I said that your ideas about the effects of increasing wages were stupid
& wrong, which they are.



My question is, why don't all presidents just print more money and
distribute that money to the less fortunate. It is a win win situation
based upon your analysis.

Apparently you have some type of reading comprehension disorder. I said
no such thing.



Carter should have talked to you, and you could have explained your theories
of "long terms" versus "short term", and the velocity of money.

Not my theory. Standard economics, as taught at the undergrad level in
college. Anybody who passed Econ 101 should be able to explain these to you.

As for the velocity of money, that is what Dr. Milton Friedman (surely
you've heard his name, often invoked by right-wingers) won his Nobel
Prize for.


... Carter had
all those Economist from Harvard and Yale on his team, and they screwed up.

Given the conditions of the time, they didn't do so badly. Of course,
they did not pander to a lot of racist boneheads & shovel tax money into
the military/industrial complex, and so are reviled by right-wingers
unto the seventh generation.

DSK