[11814] in Commercialization & Privatization of the Internet
Re: Information and Liberty
daemon@ATHENA.MIT.EDU (Bill Frezza (via RadioMail))
Thu Apr 21 03:36:58 1994
Date: Wed, 20 Apr 1994 21:28:17 PDT
From: Bill Frezza (via RadioMail) <frezza@radiomail.net>
Cc: com-priv@psi.com
To: aa@wired.com
Andrew,
You are right on the money with this observation (no pun intended.) This
is the first manifestation of the beginning of the end of national
soviergnty. Information technology and worldwide free financial markets have
the power to completely undermine national monetary policy.
Bill
Date: Wed, 20 Apr 1994 18:57:36 -0800
>From: aa@wired.com (Andrew Anker)
Subject: Re: Information and Liberty
To: kevin@wired.com, louis@wired.com
Cc: frezza@radiomail.net
FYI, this is actually an interesting idea for an IF: the separation of
economy from state, similar to the church and state separation of 200 years
ago. As a banker, I can tell you it's already happening/happened. It'll
be awhile before people realize the extent to which this is true. Central
bank monetary policy is highly defensive (and highly ineffectual) against
the moves of currency traders, government bond traders, etc. That's what's
behind last week's Senate hearings into hedge funds.
