Why currency boom?

[Frank Palmer]

From the Statistical Abstract 1995 and 2007 -- %ages calculated by
myself.

Year M1 currency %
1980 408 115 28
1990 826 294 36
2005 1369 724 53

I stand in the checkout line at teh supermarket and see the guy ahead
of me using a credit card or debit card. Yet curency is soaring as a
percentage of M1.

I'd ask something like, "Why is currency so popular?" But I'd get
nothing but cheap jokes.

[Econotron]

"Frank Palmer" <F_L_P...@yahoo.com> wrote in message
news:c03c8a52-cfdb-4325...@w1g2000prk.googlegroups.com...

Because debt is collapsing? Is this a joke?
e.

[James A. Donald]

On Tue, 11 Nov 2008 08:21:47 -0800 (PST), Frank Palmer
<F_L_P...@yahoo.com> wrote:

> From the Statistical Abstract 1995 and 2007 -- %ages calculated by
> myself.
>
> Year M1 currency %
> 1980 408 115 28
> 1990 826 294 36
> 2005 1369 724 53
>
>
> I stand in the checkout line at teh supermarket and see the guy ahead
> of me using a credit card or debit card. Yet curency is soaring as a
> percentage of M1.

At the supermarket I see people waving plastic. But at the Hawaiian
Big Island auction of properties confiscated for back taxes, I saw
lots of suitcases tightly gripped by people with funny bulges under
their jackets, which suitcases became much lighter when they settled
their bids. I hired a D9 bulldozer to cut a path through a property
on the big Island, and the bulldozer operator wanted several thousand
dollars in cash. No plastic for him.

I go to a farmer's market - a real farmer's market, in which food
comes from actual small scale farmers, and is therefore significantly
fresher than the fake farmer's markets patronized by progressive urban
intellectuals and staffed by colorfully racially diverse sellers.
Again, no plastic for that lot.

--
----------------------
We have the right to defend ourselves and our property, because
of the kind of animals that we are. True law derives from this
right, not from the arbitrary power of the omnipotent state.

http://www.jim.com/