Re: Re: Re: Open government vs. capital shortage

[Doug Henwood]

Michael Perelman wrote:

>Regarding Rob's musing about the dollar, Ellen's question was where would
>people flee if they dumped the dollar?

Flee? Dumped? You could have a marginal movement out of dollar assets 
into euro assets without crashing asteroids and other apocalyptic 
fireworks. Why is it so either/or - either rentiers are locked into 
U.S. assets, or they'll jump all at once into EU assets?

Doug