Gurey25, Bareento et al; A debate on alternatives

[gurey25]

enlighten us at a later time then, let it come forth from your unadorned bidar.

[gurey25]

Grrr, I've just deleted five paragraphs of timeless wisdom with one misplaced stroke of my finger. I will not retype all that again.

In short, an interest free economy proves as viable as a chaste prostitute.

I wouldn't discount that..
In the Middle East such a creature exists....

i will leave it to your imagination.

[globetrotter2]

there is no inflation of the money supply if it increases in proportion to economic growth.
again you assume that the text book example is the only case, as if it is dogma..

this is how it done now, it has not been the case historically and i do not believe it necessary because as i said.
I wish to use a different device, and you are talking about the rules and methods of operating the previous device.

Gurey, why should you increase money supply if there a steady economic growth? It does not make sense; If you increase money supply you risk the wrath of inflation and also capital moving out (read a negative balance of payment).
This was what Argentina did in the 90s when it defaulted.

It is not a dogma it is proven.

[globetrotter2]

Gurey,
This article by Robert Lucas might shed some light on your original question

http://www.sciencedirect.com/science/ar ... 3282900320

[FAH1223]

uppin

[Thuganomics]

What a great thread,I genuinely enjoyed reading that.Team Gurey baan ahay anigu
For a moment I thought Wigglesbidaar was back until I saw the date