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To: Ilaine who wrote (18673)	5/5/2002 12:08:27 AM
From: TobagoJack	Respond to of 74559

Hi CB, <<That's not how it works, Jay. You don't get to pick. When it's your turn to be the hegemon, you gotta do it>> Of course one can pick:0) oceansonline.com Just like in Star Trek. The ones who picked wrong are mostly gone, history, as it were. Controversial statement alert (and I am off to swimming in 10 minutes:0) - I may be one of the very few who believe WWII Nazi Germany or Empire of Japan would have not have lasted regardless of how the minutia of battles progressed. I am a true and steadfast believer in right will win, and honor will triumph. Having said that, the interim of Nazi Germany and Empire of Japan rule would be pretty intolerable for me and, thankfully, almost everyone else. That is how matters come unglued. A variation of just is and just so. <<Argentina tried to have all three at once, but claimed to rely on capital controls. Full stability, full autonomy, no free flow of capital. Just like China>> Not quite. The peso was fully convertible, and in fact pegged 1:1, putting most citizens on a happy USD powered spending over making spree - they had free capital flow, full stability, and all, including the provinces can do whatever they pleased. Now the talk is for full dollarization. The simple magic formulae of government by default. Too bad for Argentina that the talk is simple, and magic. Perhaps I am misunderstanding the triangle construct you referred to, or at least of the temporal dimension of same. Chugs, Jay