Re: Re: Re: Monetary deflation

> Of course, the Fed could have tried to slow the bubble by raising margin >requirements. It's not clear this would have worked, but then again, the Fed never tried it.< right, but the officially-"independent" Fed isn't independent of pressure from the financial interests, who hate that kind o

Re: Re: Re: Monetary deflation

Of course, the Fed could have tried to slow the bubble by raising margin requirements. It's not clear this would have worked, but then again, the Fed never tried it. Jim wrote: > >I didn't finish my thought here. The Fed had a hard job in this >situation, >which involved a private-sector-led s

Re: Re: RE: Re: Monetary deflation

[EMAIL PROTECTED] writes: >At 11:56 AM 3/19/01 -0800, you wrote: >>If you could explain to me how monetary deflation can arise from private >>market relations and not the actions of a central bank(s), I would be >very >>interested. > How could a monetary deflation not arise from "private market re

Re: RE: Re: Monetary deflation

At 11:56 AM 3/19/01 -0800, you wrote: >If you could explain to me how monetary deflation can arise from private >market relations and not the actions of a central bank(s), I would be very >interested. There is no such thing as "private market relations." Without the Fed and other government agen

Re: RE: Re: Monetary deflation

David, I tried to give an explanation in a book, The Natural Instability of Markets. David Shemano wrote: > > If you could explain to me how monetary deflation can arise from private > market relations and not the actions of a central bank(s), I would be very > interested. > > David Shemano -

Re: RE: Re: Monetary deflation

David Shemano wrote: >Doug Henwood wrote: > >-- >>For those interested, my supply-side gurus are taking the position that the >>world economy is suffering a severe monetary deflation, mainly caused by >>errors at the Fed. > >...because, as every supply-sider knows (and every monet

RE: RE: Re: Monetary deflation

> If you could explain to me how monetary deflation can arise from private > market relations and not the actions of a central bank(s), I would be very > interested. > > David Shemano *** Ian