Re: Printing Money

[John Gelles <jjgelles@xxxxxxxx>]

On Fri, 24 Feb 1995, Jim Devine wrote:

> ... Dealing with the proximate cause [of hyper-inflation]
> without paying attention to the real structural cause is
> like putting a band-aid on a serious bullet wound.
>
> BTW, does anyone know how Kaldor, Robinson, and their
> school dealt with the issue of hyperinflation?  I under-
> stand that they deny the role of monetary expansion
> altogether.
---------------------- end Devine ---------------------------

	As I have bragged and complained earlier, prior to
	my discussions on PKT, Milton Friedman was the only
	name economist to correspond with me on ultra-high
	growth planning and zero unemployment. In 1985 his
	objection to such plans was "HYPER-INFLATION" written
	by hand in his several letters.

	So if any PKT subscribers would care to deal seriously
	with the Contract for America and supply side economics
	and whatever hope we have for wealth to be created and
	distributed to cure our national needs deficits, you
	may want to deal with it through this thread. The concern
	every nation has is for hyper-inflation. They know, if
	they preserve their sovereign power to trade domestically
	in their own money, that the path to great national and
	individual wealth is open.

		Sincerely,  John
    .--------------------.-----------------------------------------------.
    : John J Gelles      | 1. Special fed debt to finance required loans :
    : 5706 Loma Vista Rd | 2. Macroloans for infrastructure/ecology, etc.:
    : Ventura, CA 93003  | 3. Microloans for zero-unemployment           :
    : (805) 642-6675     | 4. Automation to carry loans & fight inflation:
    : jjgelles@xxxxxxxx  | 5. Rescue-loans/subsidies to fight deflation  :
    : -------------------| 6. Consumption/turnover taxes vice income tax :
    : Thinks of planning | 7. Laws in reserve for inflation emergency    :
    : what to do and how | 8. Traceable vice untraceable money/accounts  :
    : to do it  >---------^       URL     http://rain.org/~jjgelles/     :
    `--------------------^-----------------------------------------------'