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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (46187)	5/21/2004 9:52:15 PM
From: Ilaine	Respond to of 793990

Oh, I didn't realize you'd already read them. I don't know if you picked up on the gold-silver exchange rate sub-plot. For example, the scene in Daniel's family's basement, where they are bringing in boxes of freshly minted silver coins and melting them down into ingots. It's a very concrete example of arbitrage. There is a branch of the family that buys gold and another branch that swaps it for silver. Easy way to get rich if you're hard working. Only a 5-6% increase so you have to keep at it, but it's almost free money. My recollection of history is that Newton made it worse, but I am looking forward to Stevenson's insights on that.