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To: TobagoJack who wrote (23620)	9/28/2002 7:31:28 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

Jay, you misunderstand my mind, as well as Uncle Al's, HK's and Japan's [the governments of those]. I don't think any of them think that wealth can be printed. What printing can do is transfer ownership of assets from one bunch of people to another and maintain price stability and reduce the propensity of people to keep money stashed in a mattress. As we always see, the mob doesn't worry about the niceties and ethics of private property when the going gets tough. The Central Bank is the same thing as the government - it's owned by the government. Or maybe I misunderstand ownership of the printing presses in Japan. Certainly, in NZ and the USA, the intellectual property related to currency is held by the governments. They own the currency and do what they like with it. What Uncle Al is carefully doing is maintaining a stable currency. He is not printing an inflationary tornado which would destroy the dollar. He has done a great job, contrary to the understanding of most Siers. Buying shares seemed to be a very excellent idea in the case of Hong Kong. I suspect it would also be an excellent idea for the Japanese government, though it would irritate the carrion hunters. Mqurice