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To: sarcasm
Even more questionable is the notion that our economy can rest purely on "concepts."

Being a concept/banking center is not enough to support 300 million people. Even Switzerland export watches, cheese, chocolate and other material goods. If Mr. Greenspan thinks that his job can be typical he is dreaming.

47 posted on 08/24/2003 3:20:56 PM PDT by A. Pole
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To: A. Pole

When Free Traders rave about Reagan being a free trader, they leave out the fact that the Dept of Tresury during 85, set up a massive devaluation of the dollar, causing it to go down 50% against the yen, 25-35% against European currencies, so it was in effect, a de facto tariff. Of course under Rubinomics of the 90s, the policy was a illrationally strong dollar, a policy that WSJ editorial page whore Paul O Neil continued that amounts to a economic time bomb.

Here is a assignmnet, and hate to say my web surfing skills are not up to par since I have tried to get this info on line. Compare the median(not average) income to the median price of a home and track that to the median price of a college education, compared 1960, 1985 and now.
69 posted on 08/24/2003 6:32:56 PM PDT by JNB
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