Indeed David. Cheers for your weighty response. Nixon's ill-considered and single handed abandonment of Bretton Woods was indeed a Waterloo point for the macroeconomics. And Reagan took us from world's largest creditor to debtor nation overnight. And Greenspan puts put fiat on steroids. And, now the banks want the public to reject Basel III. And they want the Fed to lower interest rates immediately, despite inflation still being high. Indeed the money was far too free and mostly fake, amplified by over a quadrillion of derivatives (all created by folks employed by banks, including shadow banks). Yes, I need to deal more directly with the money and the day to day problems of the real economy. I will try to do better. Thanks for your patience.