* William T Goodall ([EMAIL PROTECTED]) wrote:

> I don't know much about economics but I'm pretty sure that there is no
> way the government can 'invest' in anything.

Actually, it would be pretty easy. The government could contract out to
a mutual-fund like group, the Treasury could send that group checks, and
the group would invest the money.

The problem is conflict of interest. But there is a very good way
to solve that one -- invest in a VERY broad world stock and bond
index.  Basically, make a clear definition of what constitutes a
sufficiently-stable and liquid stock and bond market, and then invest in
all of them, proportional to the size of the market.

--
Erik Reuter   http://www.erikreuter.net/
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