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Pastimes : Ask Mohan about the Market
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To: bobby beara who wrote (11486)12/14/1997 8:00:00 PM
From: Rmn  Read Replies (1) of 18056
 
Bob, i agree with you. There must be something to restrain big spending politicians all over the world. If all currencies are fiat, there is no restraint except the currency markets devalueing one currency in relation to another. But what if they all inflate, how can the currency markets empose any discepline?

Ramsey
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