Re: Currency and Seigniorage

In article <[EMAIL PROTECTED]>,
Thomas Lindgren  <[EMAIL PROTECTED]> wrote:
>
>[EMAIL PROTECTED] (James Nicoll) writes:
>
>> In article <[EMAIL PROTECTED]>,
>> phil hunt <[EMAIL PROTECTED]> wrote:
>>
>> >Don't forget, the EU isn't like other economies: they can only grow 
>> >by internal economic development, the EU also grows by new members 
>> >joining.
>> >
>>      I don't see a reason other nations couldn't grow by adding new
>> territories. Canada added NFLD in the last half century and we've had 
>> chances to add Caribbean islands as well which we unfathomably passed
>> up. 
>
>We're not quite federalist in the EU to call it a nation. Especially
>at the moment.

        That just makes it easier. NAFTA can join forces with MERCOSUR.

        It becomes a lot harder once the entire planet belongs to one
trade arrangement or another but we're not close to that yet.
-- 
 It's amazing how the waterdrops form: a ball of water with an air bubble
inside it and inside of that one more bubble of water. It looks so beautiful
[...]. I realized something: the world is interesting for the man who can
be surprised.                                   -Valentin Lebedev-