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Re: quick resp.-Hongkong



That might be true of Hongkong.  However, the question is can you use
that as a model for a country like India?  I do not think so.

---Suresh  Anand <sanand@writemail.com> wrote:
> >Ash:
> 
>  Currency is NOT necessary to
> be issued by a government. Private banks have done that earlier and do so
> today (in Switzerland?(THEY DO IN Hong Kong). In fact, government entered
> this business much later. Government is not required - by some essential law - to enter into
> >social welfare or economic development. Much of these things are recent
> >developments. Roads/ canals/ railways/ telephones have in many cases been
> >successfully run by private interests. (THIS IS SO IN Hong Kong)

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