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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: Thomas M. who wrote (17110)	11/22/2002 1:50:48 PM
From: MSI	Read Replies (1) \| Respond to of 93284

If you know of one I'd like to find a thread to discuss this particular geo-economic issue. The question you raise brings up the larger question of the limits of creation of credit. Politicians take advantage of the fact that the economy can expand tremendously by continuing expansion of credit, with increasingly rapid settlement accounting, without immediate consequences. Like the Japanese who inflated their equities 10X in short order, and bought chunks of the world's real estate, there's a danger in exceeding some limit -- if we had adequate measures of what that limit is. American military presence adds a safety premium, and given a Machiavellian absence of ethics in international affairs the message is if American wants any economic necessity, it can take it, without fear of any adversary. I guess you could call that a "belligerency premium"<g>