[Foundation-l] OT: The economics of debt and exchange rates (Was: Relocation announcement)

[Thomas Dalton]

> If you're interested in a challenge to this theory that the problems
> we're having were caused solely by banks giving mortgages, Alan
> Greenspan's new book is good reading.  It's obviously not written from
> an NPOV - of course, neither is the theory that the current economic
> difficulties were caused solely by banks.  Mortgages played a role, to
> be sure, but a far bigger IOU not backed by anything is the national
> debt, in the form of treasury securities.  Google "deficits must
> matter" for a preview.

I assume you mean "the US national debt". Please remember the rest of
the world does exist.