From: Gary Howland <gary@systemics.com>
Date: Wed, 26 Jun 1996 21:33:22 +0800
To: hallam@Etna.ai.mit.edu
Subject: Re: Noise: Re: Those Evil Republicans
In-Reply-To: <9606260530.AA14412@Etna.ai.mit.edu>
Message-ID: <31D104C6.62319AC4@systemics.com>
MIME-Version: 1.0
Content-Type: text/plain


hallam@Etna.ai.mit.edu wrote:
> 
> Similarly your point about government control of currency is somewhat puzzling.
> Are you arguing that we are less prosperous today than we were in the 1920's?
> If so that would be a somewhat curious argument which you will no doubt
> share with us. The only modern country I know of which does not control its
> currency is Lichenstein which uses the Swiss Franc,

There are dozens - Jersey, Isle of Man, Andorra, ...

> I'm not sure what lessons
> can be learnt from a country whose chief ecconomic activities are gambling
> and facilitating tax evasion however.

Ever heard of Goodhearts law?  (something along the lines of
"efforts to regulate something will result in it moving somewhere
unregulated").

Gary
--
pub  1024/C001D00D 1996/01/22  Gary Howland <gary@systemics.com>
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