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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: John Carragher who wrote (610449)8/25/2004 3:18:17 PM
From: DuckTapeSunroof  Respond to of 769670
 
Yep! (The British Central Bank had already sent signals to the market that the Pound was over-valued... but the British politicians thought --- just like in Argentina, Brazil, Russia, China, etc. --- that they were 'big enough' that they could RESIST Free Markets and Adam Smith's 'Invisible Hand', and continue to maintain an artificial price for their currency.)

Socialists and government Autocrats are wont to imagine that they can always escape the consequences of their actions, and ignore the laws of Capitalism.