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To: Pokey78
Mr Exposito had said the government could print up to $15bn of the new currency without triggering inflation.

So, they can print 15 billion dollars worth of money, and it won't cause inflation? Where's the backing behind the currency? Oops, maybe I'm too old-fashioned. Wasn't there a similar situation in Germany after WWI when the people were using baskets of million-mark notes to fuel their cookstoves? Hitler followed.

6 posted on 12/31/2001 11:35:59 PM PST by glockmeister40
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To: glockmeister40
The idea is to replace an old currency, not to print more bills. He is (or should be) setting a limit. But, Argentina lived off of inflation for many years, of course it also got them where they are today. Actually, de la Sota is the only true capable politician in Argentina in this age, and the stupid peronists know it and hate him for that.... Pisses me off.
9 posted on 12/31/2001 11:42:16 PM PST by steveisright
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To: glockmeister40
Wasn't there a similar situation in Germany after WWI when the people were using baskets of million-mark notes to fuel their cookstoves?

Yes there was. I own billions of pre-World War II German marks. I bought them over the years at antique stores and coins shops for a total of.....oh, somewhere in the neighborhood of $4.35............. give or take a dollar.


11 posted on 01/01/2002 12:01:50 AM PST by Polybius
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