Re: [LandCafe] deflation
- Scott Bergeson said the following on 31/10/2007 22:00:
> Quoting Mark Porthouse on Sat, 27 Oct 2007 21:40:59 +0100:It sounds to me like the govt. were trying to give away money to counter
> You'll have to flesh this out to mean something.
> Who was selling the T-Bills? Do you mean the
> Treasury's sale of T-Bills?
> Yes, these were Treasury new issues.
> Was it the Govt. propping up the economy (by infusing
> credit into the system) as per the Japanese example?
> Not at all. A contraction was underway.
> I saw it in a text for the "Economic History of theWho knows what happened?! Not to worry.
> United States" course I took to meet the State of
> Utah's "American Institutions" requirement at the
> University of Utah. I tried Googling it, and didn't
> find much, though this premium is called an "agio",
> and apparently mature T-bills traded for some time
> after maturity before they were cashed in, so acted
> somewhat like large denomination FRNs. (T-bills
> then were bearer instruments.)
- Quoting Dan Sullivan on Fri, 02 Nov 2007 18:28:56 -0400:
Everyone on this list knows that deflation is not
the fall in prices of some things, such as computers,
relative to other things, such as oil. It is the
fall in value of all things, or of things generally,
in relation to money.
Got it. Despite what the Constitution for the
United States of America in Article I Section
10 says, money is not a "Thing". (Apologies
to any list subscribers in nations defining
"money" as immaterial.)
Please continue your regularly scheduled bickering.