[lbo-talk] Once again, food prices

[SA]

  On 2/9/2011 3:42 PM, Doug Henwood wrote:


> No. V can vary. Which isn't to say that M doesn't matter.

But frequently M doesn't matter. In the bubble years 1995-2007, 
household financial assets rose by 70% of GDP while M2 rose by only 4% 
of GDP. Those bubbles can't be explained by "more money."

SA