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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (62382)	6/15/1999 11:46:00 AM
From: Michael Bakunin	Read Replies (2) \| Respond to of 132070

I suspect your number is too low. What's your time frame, and what are your proxies? Using the US over the last hundred years, as it appears you do, is a narrow choice amidst the broad swath of human history. No (major) defeats in war, no hyperinflation, no (serious) civil unrest, no nationalizations, no serious threats to property rights, no sovereign defaults, no occupations... the list goes on. You may be right, but even if there is no success bias, you are making plenty of assumptions about which I have not seen you post explicitly. -mb