Re: fiscal deficit

["Per Gunnar Berglund" <pgberglund@xxxxxxxxxxx>]

Bill wrote:
> Well a disaster is the american bombing of afghanistan. An outbreak of
> inflation
> is not what I would call a disaster.

Per says:
An outbreak of BSE might be worse?!

Bill wrote:
> I see no reason why there should be such
> an outbreak. this is quantity theory rhetoric.

Per says:
Okay, so you're telling the government it should start printing money.
You're also saying that inflation, if that should be the consequence, is no
big deal. Moreover, you're claiming there is 'no reason' for inflation to
occur if the government should resort to the printing press.

Fine, those are your opinions. It would be nice if you also had some
arguments to support them. I have been all ears for years but I still hear
nothing. So to tell you the truth, my patience is wearing thin and I'm
beginning to think the worst of thoughts - that perhaps these people have no
arguments?

Be that as it may - for what I think may not be very important. After all,
it is central banks and governments that will need to make the change in
practice. So instead of blowing more hot air on me, why don't you write up
your proposal and bring it to the Fed or the ECB? I'm sure they will give
your ideas a fair hearing and review.

Good luck to you.

Per

_____________________________________________
Per Gunnar Berglund
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