Letters to the Editor
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Economics, but no discussion of money
Ironic that Bush has no economic policy (keep the stock market going boys), and the Democrats have no economic policy,(Butter, not Guns!), and their dance of death over Iraq is really a game of budgetary keep away. Give Congressional Democrats money to spend on domestic projects and they will win the election in 2008, certainly.
The value of money should enter into the equation. Poor parents often feed their children fast food, because it packs a load of calories, and groceries are expensive. The problem with worthless dollars is that sometimes there aren't enough of them.
While the official inflation figures mask the true decline in the dollar's value, why would anyone sell an original Impressionist painting for the millions in worthless fiat currency? Herein lie the truth of the stock markets meteroic rise. Why would anyone sell assets of any kind, for worthless paper? The only thing to do is buy and hold. The truth will come to pass when the buy and hold mindset reverts to the foreign supplies of important commodities, such as labor. That day will reflect a turning point for the world markets.