Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
But it's not a steady state. You've got a continuous positive input as Central Banks pumps up the money supply.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Fri May 11th, 2007 at 07:55:50 PM EST
[ Parent ]
Every Money Supply curve you'll ever see (with occasional blips at a Depression -when vast numbers of loans are defaulted on and Money destroyed) goes only one way.

And that upward curve is exactly the same as the Economic Growth measured in deficit-based Money.

That Irresistible Force is now running up against the Immovable Object of sufficient oil to fuel continued Growth.

Whether its Dollar-denominated debt or Euro-denominated debt providing the necessary Money makes no more than a few years' difference.

The only viable monetary system in the long term is an "asset-based" system.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Sat May 12th, 2007 at 04:44:36 AM EST
[ Parent ]


Occasional Series