At 5:23 PM -0500 1/9/02, Julian Dibbell wrote: >Now on to Jim's objections. I'll skip the arguments about Keynes and crashes >and so forth. (Like I've got time to fight a religious war, sheesh. (Though >actually, I am curious to know how Argentina fits in on the goldbug side of >the argument. Isn't a dollar-pegged currency as close as modern finance gets >to a national gold standard? And isn't that what did the poor bastards in? >(Oh cripes, now I've done it -- onward, Christian soldiers!)))
It would appear Argentina simply failed because it is so corrupt. The absoltuely key book is _The Mystery of Capital_ by Hernando de Soto, which everyone should read this afternoon. Their currency (which was essentially "the dollar"), was great, well loved, and did a super job in every way. Of course, now that the country has gone too hell -- guess what! The politicians are going to devalue it, screwing everyone, so that the politicians can print more money. Funny that! --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
