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Strategies & Market Trends : ahhaha's ahs

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To: ahhaha who wrote (1257)	2/27/2001 10:23:13 AM
From: ahhaha	Read Replies (2) of 24758

Wayne Angell says monetary policy is too tight! He says if the FED provides more liquidity the value of everything rises including gold! He uses the term "value", but he means "prices". If he meant value then he's saying the creation of money adds value. This is overtly false. After a certain point it reduces value by increasing prices. Wayne Angell is recommending a policy explicitly calling for inflation. He wants the FED to inflate our way out of economic malaise. If Greenspan agrees, we are headed for a major disaster.

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