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re: How does the U.S. control the value of dollar by soaking up drug trade money?

Posted on 12/13/16 at 10:42 am to
Posted by LSURussian
Member since Feb 2005
126966 posts
Posted on 12/13/16 at 10:42 am to
quote:

By controlling M1 supply.
quote:

Selling drugs and sitting on the cash effectively does, though.
Those dollars are still included in the M1 calculation, contrary to your quote above.
Posted by HempHead
Big Sky Country
Member since Mar 2011
55518 posts
Posted on 12/13/16 at 10:46 am to
quote:

Those dollars are still included in the M1 calculation, contrary to your quote above.



Under what model are inert monies counted? Serious question, I'm not trying to debate you on your expertise.
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