John Gresham (White Giant)
| Tuesday, March 08, 2005 - 09:57 am |
I like Matt Crouch's idea... it should also be applied to the movement of goods and services. A world without international transportation costs and no visible infrastructure that would allow such a (currently) absurd notion is highly unrealistic. Transportation costs would also make the domestic market more important. It would give someone a reason to try to increase the national aggregate demand. Of course, there is no control over monetary policy anyway-- that is also absurdly internationalized (and really dumb, too, since there isn't such a thing as bankruptcy or an unpaid loan.) Only fiscal policy can be affected, but that should at least be enough to provide an INTERESTING economic aspect to the game. The current global competition without transportation costs, trade policy or individual country currencies is incredibly boring.