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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (16605)12/19/2002 5:05:17 AM
From: Gary H  Read Replies (2) of 81943
 
Message 18343879
"The USA has hit the jackpot because they can print their money flat out and still not get inflation because a couple of billion Chinese and Indians are coming on stream. They [Chinese and Indians] work for so little that for a few years yet Uncle Al [or successor] will be able to print away without inflation. Their [Chinese and Indian] low pay, combined with the turbocharging technology productivity boom, where a negligibly cheap bit of circuitry and software enables vastly increased production per person per hour, means people can work a few hours and produce what used to take them days, weeks, months or years to achieve [and in many instances simply could not be done without said technological marvels]."

Any comment?
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