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Politics : Ask Michael Burke

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To: Mike M2 who wrote (71488)12/9/1999 1:19:00 AM
From: BGR  Read Replies (2) of 132070
 
Mike,

OTOH, from comparing the US experiences of 1929 and 1987 (and, if you will, 1997-98), and the Japanese experience of 1991, perhaps the Great Depression (and perhaps the Japanese Depression) could have been avoided if the initial response of the then US Fed had not been to squeeze excess credit out of the system?

-BGR.
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