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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Ken98 who wrote (33254)11/2/2000 2:48:07 PM
From: pater tenebrarum  Read Replies (3) of 436258
 
Gramlich is one of the chief clowns. the so-called statistics, which have been fiddled with to such an extent that they have produced a huge, steadily compounding error in the picture painted of the economy, are really a joke. even so, the statement that "Inflation really has come down steadily for that past three or four years," is plain wrong. on the contrary, inflation has accelerated to its fastest pace since several years, even using the official bogus numbers. for a Fed governor to declare 'success' at this stage is truly UFB. what's more, inflation as traditionally defined (excess in the growth of money supply aggregates over economic growth) has been RAGING under the Greenspan Fed. under his tenure, more money has been printed than under all Fed administrations before him together! they are responsible for the biggest credit and asset bubble in human history, and they call that a "success"????

pride goeth before the fall....

the Fed should be ABOLISHED as quickly as possible...what an incredibly dangerous bunch of self-congratulating overbearing morons...

really, who needs a semi-communist central economic planning agency staffed with clueless bureaucrats to interfere with the market?
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