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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: LLCF who wrote (30532)10/23/2000 4:54:06 PM
From: Oblomov  Read Replies (4) of 436258
 
Yep, there seems to be massive duplication in the way productivity and hedonic gains are counted. I'm starting to believe that this is part of an effort to justify increases in money supply while obscuring the degree to which it's being done out of desperation. The Fed appears to be fighting deflation with every weapon in its arsenal, and yet we see a credit crunch unfolding... why do I suspect that the economic events of the next few years will challenge much of mainstream economic theory?
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