Where to from here...the post-election SOE sell-off. Join us at 1pm today for another live web chat with fund manager Brian Gaynor.

The live chat is up and running now.

Fabulous....all I need is sound!

Found this:

 "In one camp, are those who, like François and yourself, say that nothing is more important than preventing a collapse of the Euro. In the other camp, the Germans say that nothing is more important than upholding the international treaties, and maintaining the supremacy of the law over the pressure of short-term solutions.

Now because of its unfortunate history, this debate can get emotional very quickly in Germany. Indeed, more than any other people, the Germans have suffered from adopting the second view, with huge negative consequences for Europe and the world. As a nation, it is thus my impression that Germany has come to the conclusion that, at the end of the day, one should never tamper with the law, whatever short-term benefits such tampering might bring.

If we apply this distinction to what money is, those who believe that money is a tool which belongs to the political sphere and can be manipulated to meet political goals, justify their destruction of money by an ethic of responsibility (fighting unemployment, creating economic growth, etc). For what it is worth, let’s call them “Keynesians”. On the ethic of conviction, we have the Bundesbank and the German population (but not so much the German political system) who say that money is a common good which does not belong to the state, and that the economy has to adapt to this reality, and not the other way around. Let us call them the “Austrians”.

 http://www.marketoracle.co.uk/Article31949.html

Here in NZ we try to survive with RBNZ/govt/bank policies that regard our money as a "tool".........that explains why we get screwed with debasement and the usual splurging fiscal farce.