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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (36201)7/17/2003 2:30:45 PM
From: Maurice Winn  Read Replies (2) of 74559
 
Ray, all Uncle Al can do is set the size of a unit of measure. It's like deciding that a metre shall be as long as a particular platinum bar, or so many oscillations of a particular atom in a certain gravitational field, or that a kilogram shall be a certain size, or a gallon is yay much quantity.

Setting the dollar at a certain size doesn't favour anyone. It's a unit of measure. Because people want lots of them, they think there's something nefarious about the person who decides the size. Size doesn't matter Ray. It's consistent performance which counts. Stability. Staying power. Trustworthiness. It needs to be powerful, so size of the whole monetary pool matters, but the size of the individual dollar is irrelevant, other than the size should stay about the same, not shrinking or getting bigger as it needs to fit into wallets - remember the wheelbarrow money of the Germans].

Uncle Al is definitely not out to destroy communities for profits. That's laughable. King George II is out for profits I'd say, but even he probably thinks he is doing a good, fair job for the good of America. His problem is that he doesn't have an iota of the understanding of Uncle Al, but to his credit, has the good sense to recognize talent when he sees it. We dummies can go a long way by recognizing talent and putting them in charge and giving them our money to do stuff with [such as Irwin Jacobs, Andrew Viterbi, Klein Gilhousen, engineer, Roberto Padovani, Bill Gardner, Dick Grannis, Brent Scowcroft and the rest of the gang at QUALCOMM - some of them have left now].

Mqurice
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