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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (13875)	1/24/2002 4:32:51 PM
From: Ilaine	Read Replies (2) \| Respond to of 74559

>>England and France were top dogs then and I suppose had the standard of living to go with it.<< My understanding is that the rich were better off than our rich, the poor were far worse off than our poor, and there was no middle class to speak of. >>Actually, Japan, Luxembourg and a few other places have a higher per capita income than the USA and a very nice quality of life to go with it.<< Don't know anything about Luxembourg, but my understanding of Japan is that no one can afford a house of their own, and most women are not allowed into the work force. >>When the USA prints a bunch of new $$ and uses that to pay for goods and services, that is borrowed effort. << So all you mean is credit creation?