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

[Filip Maljkovic]

Anthony wrote:
> 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.
>   
Can you guys take it off list? This channel doesn't need (more) off 
topic discussions.

Thanks,
Filip