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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: RealMuLan who wrote (50240)5/24/2004 11:13:19 PM
From: elmatador  Read Replies (3) of 74559
 
I agree with the part that wealth is not create by decree or by the wisdom of technocrats.
What I fail to grasp is why all other people who work hard to produce something other people pay to acquire are the creators of wealth, while people living in Greenspan's land doesn’t have to work hard to create something other people are willing to pay for and just print money.
Can you explain why the US can do that trick? Because if you explain, it means other people, say the Europeans, can replicate and compete with the printing money.
Or is there something special to the US that other countries don’t have that allow them to print 'con gusto'?
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