Re: Santa Fe

[PHILLPS]

Just thought you might like to know, Krugman was on CBC national
this morning explaining the Asian Crisis.  He said it was all
due to nepotism and corruption of Asian society.  The nephew of
a dictator will set up a bank or a company and everybody will
lend to him because the loan is, in effect, government guaranteed.
This led to a preponderance of bad loans that eventually came
tumbling down.

So there it is. No complexity at all!

Paul Phillips,
Economics,
University of Manitoba