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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.76-1.1%Dec 12 4:00 PM EST

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To: fedhead who wrote (46053)4/13/2000 5:44:00 PM
From: pater tenebrarum  Read Replies (2) of 99985
 
Anindo, yes, it is true. early in his career he used to espouse Austrian economics wholeheartedly. he was a strong proponent of the gold standard to help avoid the very thing he is doing now, namely printing money at will.
i have no idea why he fell into the trap he now finds himself in...there's a famous essay of his where he describes the mistakes made by the 1920's Fed. he has repeated those very same mistakes during the '90's.

reading this will leave you wondering...:

gold-eagle.com

regards,

hb
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