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To: Crossy who wrote (11506)6/20/2001 1:49:09 AM
From: Raymond Duray  Respond to of 12823
 
OT: The Dismal Science

Finally Crossy, some agreement.

I've read (though not quite cover to cover) Milton Friedman's "A Monetary History of the United States". And I thought very highly of it. I have adapted Friedman's views of the causes of the Great Depression to a large extent. And I'm in complete agreement with him that the FRB ought to be replaced with a computer, whose software is widely distributed so that we level the monetary playing field and eliminate the pointless "Fed Watch" in this country.

But I draw the line at Stiegler, no thanks. He cuts into my J.K. Rowling time. I consider both on about the same plane as regards reality. ;)

this exchange between us takes a form that was actually unintended by me
See, now we've got something very much in common!

BTW, I tried to live in Texas for a while and I had two strong hands and a good mind. I couldn't make it there. It takes a special "bubba" handshake to become an independent and self-reliant success there. That system is so rigged into a rigid caste system, even 30 years ago when I tried to break in, that I have to laugh at the naivete of your bootstrapping notions. If bootstrapping along does the trick, why was Europe sending millions to the US in first decades of the 20th Century. Why didn't all those people, including my grandfathers just bootstrap right where they were?

Oh, you really don't have to answer that one. It's merely rhetorical. We can change the subject anytime. Though I did find it a stimulating exchange. You are far more flexible in mind than almost anyone else I've run into who espouses the "Austrian school" line on economics. Maybe there's hope for you yet. <smile>

Cordially, Ray :)