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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: pater tenebrarum who wrote (66417)10/5/1999 8:20:00 PM
From: BGR  Read Replies (2) of 86076
 
Heinz,

I completely agree that there has been serious asset price inflation. But, I reiterate, the Fed is not required to do anything about that. Period. Its yardstick is consumer price inflation, not by choice but by charter. If people feel that the charter is incorrect, they should work towards changing that.

-BGR.
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