Jim said..."did the Confederate States of America have a lot of foreign currency-denominated debts when they suffered from hyperinflation? how about the 13 colonies before they became the USA?"
I guess my comments on taxation where missed. the confederate states of america had debt denominated in cotton. In both cases though, i think the larger problem was ability to tax. -- -Nathan Tankus ----------------------------------------------------------------------------------------------------------------------------------------------- _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
