Re: The Fed

From: Spike Jones (
Date: Sat Feb 19 2000 - 16:30:20 MST wrote:

> At any given time, M1, M2, and M3 might each be growing at
> different rates. In theory, a free market credit-based money system...

Ron, my matter-world friends and I used to discuss science, philosophy,
religion, technology, politics, all kindsa interesting stuff. In the 90s
all [yes, all of them] invested in stocks and now they are rich. They
talk about nothing but economy and investing, stuff I know little about.

Please, is there a URL that explains the basics of M1, M2 etc, and the
other buzzwords regarding investing and economies? One that a rocket
guy could understand? Looks like I either learn their world or find
new friends.

thanks! spike

ps: As an interesting aside, one of my friends invested in some
stocks for his daughter's college the day she was born. He reasoned
that college costs were growing about as fast as the market, so he put
down the amount that would cover 4 yrs of Berzerkely tuition at that time.
Reasoning that she had plenty of time for her money to recover from
temporary setbacks, he put it all in rather agressive growth funds.
Today she is not yet 7 yrs old and is well on her way to becoming a
millionaire, looong before her freshman orientation. {8^D Is this not
a crazy time in which we live? spike

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