tag:blogger.com,1999:blog-2761684730989137546.post615699414491431397..comments2024-03-28T20:28:01.733-04:00Comments on Mike Norman Economics: Once again time for Dick Morris's comical economicsmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-83747167934376244512009-03-20T16:03:00.000-04:002009-03-20T16:03:00.000-04:00is it correct to squabble that :a. tax payer on th...is it correct to squabble that :<BR/><BR/>a. tax payer on the hook is fictitious because the stimulus spending are credits to banks and not taken from tax revenues.<BR/><BR/>b. depositor on the hook is fictitious because bank deposits are not used to make loans.<BR/><BR/>c. inflation is caused by too much money - inflation is more caused by cartels like OPEC who are thinking humans who cut off supply when they feel like it.<BR/><BR/>The very reserves that this pukester Morris forbodes about in his doom-saying waze, is actually a part of elastic currency theory to PREVENT people from running the banks and stuffing the mattresses and becoming GOLDBUGS.<BR/><BR/>There will be a lot of money disappearing when the price of GOLD fizzles and those who are flying high to the sun will get their feathers melted if there is a bubble.<BR/><BR/>So how can you have inflation when money can disappear just as fast ?<BR/><BR/>I heard about a bond bubble coming up, any information on how that links in and mechanics etc ?googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.com