[Marxism] How Bad Will the Economy Get?

[S. Artesian]

Kind of the old "gold standard- paper money is the root of all evil" 
arguments all dressed up with a "cooperative" overcoat, no?

Yes, money supply has increased, no inflation has not.  One factor is that 
the velocity of money has slowed down considerably.  This can be manifested 
in increased personal savings, decreased bank lending, increased cash 
reserves in corporate accounts [or maybe just in their book entries].. 
and..... devaluation, liquidation of assets.  This decrease in velocity is 
in turn a manifestation of reduced profitability.

Inflation is not going to occur as long as capacity exceeds utilization by 
the current 40%.

----- Original Message ----- 
From: "Louis Proyect" <lnp3 at panix.com>
To: <sartesian at earthlink.net>
Sent: Tuesday, July 14, 2009 10:21 AM
Subject: [Marxism] How Bad Will the Economy Get?