Rodney, I will presume you will pass on this message to Dan. Where is the formula? All I have seen is the compound interest formula minus "leakage". It has nothing to do with the creation of money.
It simply says that if neither principal nor interest is paid on a loan, the debt will compound according to the formula. Where does it follow that the money supply will increase according to the formula? You've plugged in a "leakage" factor for the injection of "debt free" money, which simply corresponds to amortization in ordinary formulations. It's screwy logic based on false premises. _____________________________________________________________ Get 25MB, POP3, Spam Filtering with LYCOS MAIL PLUS for $19.95/year. http://login.mail.lycos.com/brandPage.shtml?pageId=plus&ref=lmtplus ==^================================================================ This email was sent to: archive@mail-archive.com EASY UNSUBSCRIBE click here: http://topica.com/u/?a84IaC.bcVIgP.YXJjaGl2 Or send an email to: [EMAIL PROTECTED] TOPICA - Start your own email discussion group. FREE! http://www.topica.com/partner/tag02/create/index2.html ==^================================================================
