Re: The Economy

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#2031

From: royls
Date: Thu, 23 Nov 2006 20:56

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On Thu, 23 Nov 2006 12:49:20 -0500, Bob Kolker <nowhere@nowhere.com>
wrote:

>Anonymous wrote:
>
>> The Chinese are going to be left holding the 
>> biggest bag in history if they continue to 
>> accumlate dollars. Amateur capitalists have 
>> no business holding a trillion dollars.
>
>So maybe Greenspan was not so deluded after all.

When it comes to perspective, size matters.  What works on a scale of
decades is often disastrous on a scale of generations, let alone
centuries.  Look at the multi-generation hole Japan dug for itself by
shoveling money into landowners' pockets for doing nothing for 40
years.

-- Roy L

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From: royls@telus.net
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Subject: Re: The Economy
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