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To: manohar kanuri who wrote (197)	11/17/1998 2:58:00 PM
From: Robert Douglas	Read Replies (1) \| Respond to of 1989

mano, OT Re: Burning money, dropping money from helicopters, monetarism and other nonsense. Maybe the new monetary police, the $$, should detain people in public places and burn whatever money they had on them. Raids on houses would occur unless there was a current receipt tacked on the door. All money found in raids would be publicly burned and the savers derided in public. To placate the academics each person would be allowed one pocket labeled M1 and one pocket labeled M2. What distinction there was between M2 and M1 would be unclear but it would at least provide many PhD students hours of study and certainly a Nobel prize or two. -Robert <g>

To: manohar kanuri who wrote (197)	11/17/1998 4:54:00 PM
From: William Epstein	Read Replies (3) \| Respond to of 1989

Kanuri; Moodys downgraded Japanese sovereign debt for the second time, today. They added the comment that Japan's failure to revive its economy and its shaky banking system were the main reasons. They added, further that they believed that Japan would be awash with debt in about a year. Not my comments. PHOTOMAN

To: manohar kanuri who wrote (197)	11/17/1998 5:09:00 PM
From: Z Analyzer	Read Replies (1) \| Respond to of 1989

<<What happens if monetary authorities were to burn currency in town squares? >>Rahter than hold up everyone to take their money to burn, why not just keep interest rates very low and print money causing inflation. People will then go out and spend today because the money won't be worth as much tomorrow.

To: manohar kanuri who wrote (197)	11/17/1998 5:22:00 PM
From: Stitch	Read Replies (2) \| Respond to of 1989

Mano OT, My response to your idea about burning money was too bent on being humerous. But giving it second thought, it may have merit in the context of a discussion we have been having on the Asia Forum. That discussion centers on the problems with kick starting Japan's economy. What we agreed was that a tax break would not help. It just would not spur any additional spending. Folks there are too wary to do anything other then sock it away. I am going to link your post to that thread. Should kick up some comments. :) Best, Stitch