> He plays it down a bit too much I think. We've > borrowed immense piles of money in dollars with > no currency risk. The Fed could run the printing > presses around the clock, and the creditors would > just have to live with it. It's not a bad deal. > > Doug
I agree with Doug and think that the best reaction I have heard about this topic was Peter Dorman's: > I think the fault may lie with us lefty economists; > we who have been studying this for years should be > writing about it, but instead we are leaving it to > folks who are trying to figure it out on the fly... I understand where P.K is coming from but however much I appreciate some of his contributions, just as all of us, he has his biases too. I like my biases better though. Any objections to that? Sabri
