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To: Maurice Winn who wrote (73448)	5/11/2010 6:06:26 AM
From: maceng2	1 Recommendation Read Replies (1) \| Respond to of 74559

MQ, you are of the opinion that the monetary policy of Alan Greenspan and company is acceptable. You have made your view plain many times. You are a proponent of "new money" and are critical of old concepts of "sound money". I am saying the monetary policy set by Alan Greenspan and company has been a disaster, it's just we have not yet seen the full effect of the downside as it's been swept under the carpet for the last two decades. It's the French revolution all over again, we are just waiting for KATLA to blow up to complete the ambiance. It was no mere attempt at theatrical display, but a natural impulse, which led a thoughtful statesman, during the debate, to hold up a piece of that old paper money and to declare that it was stained with the blood and tears of their fathers. mises.org A quarter of the island's population died in the resulting famine and it transformed the world, creating Britain's notorious "sand summer", casting a toxic cloud over Prague, playing havoc with harvests in France — sometimes seen as a contributory factor in the French Revolution — and changing the climate so dramatically that New Jersey recorded its largest snowfall and Egypt one of its most enduring droughts. timesonline.co.uk This is where we discover the difference between a good monetary system and a bad monetary system.