Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (128578)	10/10/2001 7:29:44 PM
From: yard_man	Read Replies (1) of 436258

Great post ... >>the government after all borrows its funds from the same pool of savings for which the private sector also competes<< meaning real goods and services, not just balances on someones computers, right? And that is the point, isn't it? The fact that fiscal stimulus is being resorted to after the failure of monetary stimulus is enough. They've lost -- it was inevitable -- at least from the decision to paper over the melt-down in 1998. Japan can desperately buy dollars all they want ... that's going to fail as well -- doesn't matter how big their reserves are.

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