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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (59903)1/19/2001 4:48:24 PM
From: NOW  Read Replies (2) of 436258
 
"notwithstanding that various false activities which sprang on the back of a loose monetary policy will now suffer, overall economic growth will be positive. As long the pool of funding is expanding the central bank and government officials can give the impression that they have the power to reverse a recession by means of monetary pumping and the artificial lowering of interest rates. In reality however, these actions divert funding from wealth generators to wealth consumers i.e. they only create an illusion that the central bank policies can drive the economy. "
newaus.com.au
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