Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Les H who wrote (133961)	11/12/2001 8:53:43 AM
From: Don Lloyd	Read Replies (1) of 436258

mises.org "...The stabilization of the international monetary system requires the complete neutralization of monetary policies. The introduction of a currency board or pure and simple dollarization will only solve one part of the problem. These measures prevent governments from indulging in their hyper-inflationary inclinations.[8] In this case, monetary policy depends directly on that of the reserve-currency’s country. Therefore a currency board and dollarization lead to the international synchronization of economic cycles. ..." Regards, Don

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