michael a. lebowitz wrote: > My inclination is to think the recent Brazil-China agreement is > essentially symbolic but don't know anymore. In contrast, the currency > control tightening in Venezuela I referred to is real and is about to have > major impacts if the government doesn't blink.
Mike, do you think that currency controls can work in the long run (assuming that capitalism persists)? Don't they encourage "black" markets and currency smuggling? It seems like they are stop-gap measures that protect a currency's value giving the government a chance to deal with the fundamental problems that are threatening it. -- Jim Devine / "It has always been the prerogative of children and half-wits to point out that the emperor has no clothes. But the half-wit remains a half-wit, and the emperor remains an emperor." -- Neil Gaiman _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
