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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Robin Plunder who wrote (99848)	11/23/2008 5:28:28 PM
From: orkrious	Read Replies (1) \| Respond to of 110194

Mankiw: A Sustainable Auto Industry gregmankiw.blogspot.com

To: Robin Plunder who wrote (99848)	11/23/2008 7:24:59 PM
From: Little Joe	1 Recommendation Read Replies (1) \| Respond to of 110194

I think the arguments for a "debt currency" and a "government issued" currency for lack of better terms, are that we cannot trust government to restrain the issuance of currency in government issued currency economies and that in debt currency economy we cannot trust the bankers to keep the game fair. While a gold currency keeps the game fair, eventually there is pressure whenever there is an economic slowdown from the financial class which seems to control the pols to fiddle with the gold currency, to their advantage. Probably in the end the best solution is strong constitutional provisions controlling the issuance of money and a citizenry, well educated in the basic principles of money. We do not have the latter, but we have an abundance of bankers and others who want to manipulate the system to their benefit and that is what we are getting. Little joe