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To: Gabriela Neri who wrote (13050)	6/13/1998 11:34:00 AM
From: Alex	Respond to of 116796

Thanks for that story Gabriela. Toward an Islamic Gold Standard................ finalcall.com

To: Gabriela Neri who wrote (13050)	6/14/1998 12:06:00 AM
From: ahhaha	Respond to of 116796

I read Greenspan's commentary and I thought it was the best presentation he ever made. A minimum of double talk. He knows the FED is borrowing against the future and it's a gamble. He and they wouldn't have been so liberal say ten years ago. The intervening years has brought back the complacency inherent in Keynes' comment, "in the long run we are all dead". You can see a good deal of influence in my lengthy remarks from the Austrian school. There's Von Hayek, Friedman, Roberts, and many others in it too. The common thread is the claim that you can't get something for nothing. If you cheat, you lose. There is a conservative law in economics just like there is in physics. Total value is always conserved. Value can't be defined, but only human effort can create it. Thanks for posting the article.