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

[Anthony]

On 9/22/07, Thomas Dalton <thomas.dalton at gmail.com> wrote:
> > 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.
>
Why do you assume I mean the US national debt, then?  Is it perhaps
because it was obvious from the context that I was talking about that?

When you talked about the "current economic difficulties", I assume
you mean the "current US economic difficulties"?

Give me a break.