It's all a matter of degree, stages of a process. Sometimes the process proceeds to its logical conclusion. It did not for the US in the late 1970s as the US bit the bullet politically and suffered the short term consequences. Is the political will there today? Can it be done again? Or is the global monetary system politically inflationary?
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Zeros won't buy happiness
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Zeros won't buy happiness
It's all a matter of degree, stages of a process. Sometimes the process proceeds to its logical conclusion. It did not for the US in the late 1970s as the US bit the bullet politically and suffered the short term consequences. Is the political will there today? Can it be done again? Or is the global monetary system politically inflationary?Last edited by FRED; July 31, 2008, 09:58 PM.Ed.Tags: None
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Re: Zeros won't buy happiness
Robert Mugabe holds an economics degree from the University of London. This gets back to the issue of the pro-inflation curriculum being offered in economics at the world's major universities to-day.
Here is some more on the tragedy in Zimbabwe:
www.timesonline.co.uk/tol/news/world/africa/article4036184.ece
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