Another reason to love the Internet: Informed debate

Steven began the conversation with a post on the US dollar, the money supply, and the dollar’s status as global currency in respect to this Washington Post article on the Argentinian situation in which he (Steven) points out some scary future possibilities if certain trends continue. Russell Leslie, an informed Australian phycisist, started a discussion M3 and other monetary aggregates which was just great, going from monetary statistics to the benefits of a gold-based currency to delineation of the difference between the Keynesian and Austrian schools of economics. (Which comes down to a difference in goals, apparently.) Not mention the possibility of other to put commentary into their own blogs. Sort of what I’m doing here.