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To: Rande Is who wrote (49044)	3/14/2001 12:16:13 PM
From: shadowman	of 57584

Greesnspan's concern for the "poverty effect". LOL I know history has a way of being revised to protect the guilty...I remember Greenspan arguing for years (as the fed chairman) that if the unemployment rate were to fall to 5% or below, the effect on the economy would be bad...tight labor market, wage pressure=inflation..... WRONG! I really don't think Al has a clue. I do think that he's a believer in the trickle down theory...protect the interests of the wealthy and the benefits will trickle down to the unwashed masses. He's just another mere mortal who is wrong as much as he's right, not the infallible economic guru that some have made him out to be. Nice post Rande.

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