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Pastimes : Alan Greenspan MUST GO:
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To: Master (Hijacked) who wrote (34)5/24/2000 10:36:00 PM
From: glowindark  Read Replies (2) of 494
 
Mr. G has indicated his fear of the "wealth effect." He is afraid that if too many Americans are wealthy, there will be too much demand for limited supply which could lead to... INFLATION. What that means is that he wants to maintain wealth in the hands of the already wealthy, who already have everything they need and won't be imprudent in their spending. Alas, your friends and a huge number of others are not on his list of the acceptable wealthy. He doesn't care about a "good" economy. We have had a super economy. His goal is to "slow" the economy--i.e., cause a recession. Neither the fed nor anyone else should have this kind of power. gid
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