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Politics : Ask Michael Burke

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To: Freedom Fighter who wrote (87431)12/21/2000 11:38:11 PM
From: sjemmeri  Read Replies (3) of 132070
 
Wayne,
Did Fed policy contribute to the South Sea and tulip bubbles? Is a system of money based on shiny rocks any more sound then one based on pretty shells or fluffy feathers? Don't you think people (given individual freedom) will find a way to game any system? It boils down to human beings making emotional decisions. Booms and busts will come and go. Maybe the monetary system can impact the size/speed of boom/bust cycles a little - not enough to matter.

steve
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