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To: Don Lloyd who wrote (55046)	1/6/2001 7:53:29 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

I would agree with your statements but what will be instead? WS Swindlers or the Sec of treasury? The problem is that there are no honest inpartial and smart people in any government, ALL of them have an agenda. Haim

To: Don Lloyd who wrote (55046)	1/6/2001 8:53:33 PM
From: maceng2	Read Replies (2) \| Respond to of 436258

Don, Although I am in broad agreement with your thoughts... Government statistics, besides being erroneous in both theory and practice, should be abolished for the simple reason that they tend to encourage bureaucrats and politicians to think that they can and should attempt to control the economy. I have been studying Keynes a little. Been reading one of Robert Skidelsky's books. ...a balanced account in my view -LOL-. One of Keynes objections to a "Laissez-Faire" (non- interventionist) approach to economics by a government was that the hither too conditions where a "Laissez-Faire" approach worked (example Victorian Britain) is no longer applicable in todays society. His point was that Government does very much involve itself with business conduct, and private business cannot be left to govern itself. An extreme example is that children are no longer allowed to work down dangerous coal mines, or have there growth stunted deliberately so they can climb chimneys to clean them. This is very much my interpretation of his view. Thus, if government has to interfere with the conduct of business they, by implication therefore, also have to have an influence in broad economic issues too. Keynes was no doubt a smart guy. The question is where to we confirm that a government is getting over involved in the economy. I think the Fed should be dumped too BTW, and the IMF, and the CB's should return to a solid monetary standard that governments can influence when occasion requires it. BWDIK -g- pearly.