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To: carranza2 who wrote (27643)	5/4/2012 4:36:55 PM
From: Tommaso	Respond to of 29622

I didn't said it would be done or could be done. I just agree with Mr. Del Mar, Mr. Friedman, and a lot of other people that if the issue of paper money were limited to 3% growth year in and year out, the value of money would be maintained. It's not my fault that my fellow Amuricans are too stupid, ignorant, lazy, corrupt, and irresolute to do it. In the eighteenth century, largely because of efforts by Jonathan Swift, the Irish refused to accept a debasement of their currency by the English government. I don't see that what you dismiss is any more unreasonable than saying, "What the country needs is to raise the tax on a gallon of gas by $2.00." A carefully worded law, or even a constitutional amendment, could limit the creation of paper money. The problem is that the Federal Reserve has a free hand to do whatever it chooses. And the Congress and President will not see the threat and won't do anything about it until it is too late. But before that happens, we (I think) are going to have an Argentina-like currency collapse.