hallam@Etna.ai.mit.edu wrote:
Similarly your point about government control of currency is somewhat puzzling. Are you arguing that we are less prosperous today than we were in the 1920's? If so that would be a somewhat curious argument which you will no doubt share with us. The only modern country I know of which does not control its currency is Lichenstein which uses the Swiss Franc,
There are dozens - Jersey, Isle of Man, Andorra, ...
I'm not sure what lessons can be learnt from a country whose chief ecconomic activities are gambling and facilitating tax evasion however.
Ever heard of Goodhearts law? (something along the lines of "efforts to regulate something will result in it moving somewhere unregulated"). Gary -- pub 1024/C001D00D 1996/01/22 Gary Howland <gary@systemics.com> Key fingerprint = 0C FB 60 61 4D 3B 24 7D 1C 89 1D BE 1F EE 09 06