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IPFS News Link • Economy - Economics USA

Which Comes First: The Cart or the Horse?

10-31-2007 • MISH: Global Economic Analysis

To answer the question, the horse is money supply and credit, the cart is prices of goods, services, and assets. Is expansion of credit infinite? Is anything stopping the Fed from sending every household $100k? What is money? Is a bet on rising equit

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Reported By Mike Shedlock

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