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To: Mark Adams who wrote (265164)	10/29/2003 4:58:48 PM
From: Tom Smith	Read Replies (1) \| Respond to of 436258

how are these certificates supposed to help if other countries (China) adopt them too? Isn't it just a trade off?

To: Mark Adams who wrote (265164)	10/29/2003 10:09:14 PM
From: TobagoJack	Respond to of 436258

Hello Mark, <<If we use Japan as an example of Thriftville in the late '80s, then we may ask: "How did that work out for them?">> ... we do not know yet, as Japan is still surviving their deflationary depression in relative style, as depressions go, and we have yet to see how Squanderville will do ... For anyone who was able to time the Japan/USA asset inflation dance perfectly accompanied by debt of one and then the other, TeoTwawKi Japan may have worked out great. Timing, it is such an art :0) Besides, TeoTwawKi does not necessarily mean one island does well while the other suffers; they both may do not so great, but one less so. Let's watch to see if prosperity can be printed and happiness can be borrowed. Chugs, Jay