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Politics : Formerly About Advanced Micro Devices
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To: Scumbria who wrote (115774)6/13/2000 5:39:00 PM
From: Jim McMannis  Read Replies (1) of 1578699
 
RE:"Inflation? How about earthquakes? Or hurricanes?
Why doesn't the Fed worry about those?"

1. they are relatively unpredictable.
2. Congress/President handles these with allocations. Tax breaks.
3. FED can deal with these in so far as they slow down the economy. Most of the time they are short term blips.
4. Now if an asteroid hit the earth, I'd imagine they would really lower rates. <G>
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