On Sat, Aug 8, 2009 at 15:39, Geoffrey Spear<geoffsp...@gmail.com> wrote: > On Sat, Aug 8, 2009 at 11:49 AM, Ed Murphy<emurph...@socal.rr.com> wrote: >> Gratuitous: I suggest resetting all rates to baseline and letting >> current economic conditions drive them to appropriate values. > > I suggest a complete reform to eliminate the inflation problem and > recordkeeping mess, and will try to submit a proto-replacement in the > near future. > Yes, simply resetting to baseline will not fix the problem long-term. The PBA is still prone to rampant inflation and recordkeeping nightmares (due to daily rate adjustments based upon the holdings of assets defined by other contracts).
BobTHJ
