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tate423 on July 20, 2006 - 2:25pm
We need more thinking along the lines of #2. Would exchange rates be less incidental if all countries abandoned debt created cash?
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Freddy Hutter on July 20, 2006 - 2:46pm
In an ideal world in equilibrium ... yes. But presently, leveraging of money affords nations to implement social and infrastructure program spending that prevents revolution within their growing populations. Once a country attains status quo, they can be more frugal. Canada has proved it.
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