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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (38110)11/16/2000 4:25:42 PM
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The only explanation I can come up with for the fact that the huge growth in money supply isn't helping stocks or the economy at all is that the money supply is merely keeping up with inflation in the aggregate price level. Maybe that's why inflation is such a problem - it renders money supply growth ineffective.

BC
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