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To: Don Lloyd who wrote (75678)	3/5/2001 2:51:12 PM
From: Mark Adams	Respond to of 436258

Free markets have faults. Tragedy of the commons a prime example. Few companies factor in the cost of air polution into their product pricing, resulting in non-optimum decisions when considered on a global scale. It's a good system, but a better one could evolve. Hopefully based on mutual respect and tolerance. Your local optimum vs global optimum suggest you understand this. What I don't know is how to encourage movement out of a local optimum, or even to perceive that a better global optimum might exist in such a large/complex system. The past 10 years of CB gold sales might have the effect of redirecting investment without creating serious dislocations by gradually reducing the ROI. I don't know that this is a conscious decision, plan or effort on anyone's part.