Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DuckTapeSunroof who wrote (748474)	9/1/2006 12:19:01 AM
From: Peter Dierks	Read Replies (1) \| Respond to of 769670

I am not a big fan of central control. It is still not always a good idea to take bad situation and instantly correct it. Can you image for instance that 10% of the population of a major city had been wrongly detained and imprisoned in the regular prison population for several years, and then you suddenly released them all. There might be a little turmoil and a crime spree as the people whose inhibitions against bad behaviors had been broken down were again separated from the general population. Suddenly freeing the exchange rate would be no great favor to any nation. It should be managed closer to neutral before ultimately freed. Once you let that particular djini out of the bottle it is notoriously difficult to stuff back in. Remember Breton Woods (for one)? 'Rise rapidly' --- maybe, maybe not. Only time will tell that. DO you doubt that the Chinese exchange rate is being suppressed to manage the rate of prosperity growth in China? The tyrants would soon be deposed if economic prosperity spread too rapidly. They would lose control of much more than the economy.