What is to stop Gordon Brown printing money?

I suspect "import" should be read as export. As the UK economy is not big in export any increases due to currency devaluation would not be hugely significant in terms of overall contribution. Expect to pay more for imported supplies and raw materials. Add tourism to the list of businesses expected to benefit from devaluation. Cost of living would outstrip earning. The gap in income between those with a job and the retired/unemployed would widen if no action is taken.

What's the title of the book you're reading?

In message , abelard writes

I think it is more than plausible, its a fact. Gilt yields have a direct correlation with BoE interest rates.

FORGERY.

"Chris X" wrote in news: snipped-for-privacy@giganews.com:

BS.

And yet Chopper Ben, the new head of the Federal Reserve, tells us that this is the best solution when burst bubbles lead to deflation.

FoFP

On Wed, 18 Jan 2006 00:31:44 GMT, "Acute Angina" mysteriously appeared thru the usenet mist to inform us thus...

Something which gets blown up and eventually bursts...

The dot.com bubble when stock prices went to levels not matched by actual ROI. The housing bubble caused by too much cheap money. Both caused and exacerbated by high return expectations and excess money supply "the money has to go somewhere" syndrome. Excess money supply can occur after de-linking a currency to gold; it takes discipline not to do this because of the negative effects.

abelard denies that Greenspin has been pumping up the US money supply for ~15 years but the charts confirm otherwise. The only get-out she has is that much US debt is financed by foreign investors but that is changing slowly as central banks switch currencies.

On Wed, 18 Jan 2006 02:54:19 +0100, abelard mysteriously appeared thru the usenet mist to inform us thus...

I read it once lardy. It was 80% tripe, halfway between a lesson in teaching granny to suck eggs and factual inaccuracies.

When I want to ask questions, you are the last person I come to because you have a very VERY distorted and bias view of facts, all neatly spun to paint a picture of gloriously good management by Greenspin.

What a fascinating contradiction... OTOH you say that "bubbles are more money chasing less goods" which I partly agree with (*chasing too few goods* would be more accurate) but OTOH you say it's "only secondarily a monetary issue".

Ever get the feeling you're talking bollox?

rest binned.

true....but then the price of oranges today has a direct correlation with the price of oranges tomorrow...

surely the red xs would have ruined you foil hat

granny you may be...obviously sucking eggs is beyond you.... but i s'pose you do have a child's book of cliches to help you each time you'r stuck...

rest binned unread... presently you don't even understand basics.... as usual you are blustering and posturing to cover your widespread ignorance... go discuss it with hakky...you're merely time wasting trying to join in...

poor buzzy..

1)you can't hold two variables in your head at a time... 2)you simply don't get fiat money... 3)your black/white 'mind' makes it impossible for you even to start thinking about a dynamic system.... fiat money is a dynamic system built on top of another dynamic system...it is a dynamic system with uncertain, but political, control mechanisms

you do seem very very slowly to be grasping parts of it but you still have quite a way to go... still...when and if you ever get there...you can always try your usual dishonesty and claim it's what you were saying all along... so...do keep right on struggling granny... one never knows..

which lender? what choice will they have for the quick cash they hold?

incredible...who typed that for you!! go try teach buzzy...

It's the enormous debt that introduces so much new money into the system, our entire money supply is essentially debt based.

what do you think your words... "our entire money supply is essentially debt based" mean?

On Wed, 18 Jan 2006 14:42:06 +0100, abelard mysteriously appeared thru the usenet mist to inform us thus...

Wrong.

rest binned.

It's a forgery, as you well know.

On Wed, 18 Jan 2006 14:32:42 +0100, abelard mysteriously appeared thru the usenet mist to inform us thus...

No, I know how to deal with the Red X syndrome ...enter the website in my HOSTS file, never to be troubled again.

I repeat: "It was 80% tripe, halfway between a lesson in teaching granny to suck eggs and factual inaccuracies."

rest binned unread.

Indeed, the good old Barber Boom :-

The old boy passed away last month.

M3 is directly associated with the creation of debt :-

On Wed, 18 Jan 2006 14:20:38 GMT, "Aztech" mysteriously appeared thru the usenet mist to inform us thus...

The inflation of the 70s was partly a consequence of his printing habits, although history has largely allowed him to get way with it.

I must have missed that on the news.