RE: Incomes and Exchange rates; part 2

[Harry Veeder <aa361@xxxxxxxxxxxxxxx>]

Here we have the political theory which says the relationship between the
government and its citizens functions likes the relationship
between the parent and the child. Or may be its more like the
relationship a coach has to his team. I dunno, but the nature and
severity of an economic "disaster" is a function of the kind of game being
played and the nature of relationships among participants.

The effects of an economic disaster should certainly be confined to the
players involved. Does everybody have to experience hardship if the stock
market crashes anymore than all Canadians should suffer if the Blue Jays
lost the 93 world series?

Harry Veeder


On Tue, 16 Sep 1997, asecon wrote:

> I don't get to understand your position. If there are "fools"everywhere and
> they are a lot, so the system will hold, underwise it won't.
> What Laura is trying to explain is that in certain countries (one example
> is our own country), people need to believe that government is going to do
> things well, that is why fixed rules must be established, in order to be
> sure that we are not going to end in a economic disaster. Expectations are
> mantained calmed by this method.