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To: Knighty Tin who wrote (214205)	1/13/2003 2:26:33 PM
From: Freedom Fighter	Respond to of 436258

KT, >I do think somebody in a tenured academic position can be pretty cavilier about allowing the liquidation do its damage. Austrians tend to be extremely hands off and that doesn't work in countries where people can vote. < Agree. It's probably politically impossible to do nothing. Doing nothing could also have serious social consequences. I think the Austrian's would simply counter that if they were running the show we would have a sound monetary and banking system so we'd wouldn't have the kind of excesses that could cause severe economic consequences or even threaten the democracy.