The dynamic charge susceptibility and the optical conductivity are calculat
ed in the planar t-J model within the memory function method, working direc
tly in terms of Hubbard operators. The density fluctuation spectrum consist
s of a damped soundlike mode for small wave vectors and a broad high energy
peak(similar to t) for large momenta. The study of the optical conductivit
y shows that electron scattering from spin fluctuations leads to the Drude-
frequency dependent relaxation rate which exhibits a crossover from omega(3
/2) behavior at low frequencies (omega<2/mu/), to a linear omega dependence
for frequencies larger than 2/mu/. Due to the spin-polaron nature of charg
e carriers, extra absorptions arise starting at a frequency omega greater t
han or similar to J. The obtained results are in a good agreement with exac
t diagonalization studies. [S0163-1829(99)08431-3].