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Pastimes : Rage Against the Machine

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To: Thomas M. who started this subject	8/29/2002 12:26:14 AM
From: Thomas M.	of 1296

<<< A seriously over-valued stock market, as the nation experienced in the late '90s, badly distorts investment decisions. As a result of the '90s stock bubble, hundreds of billions of dollars were wasted on telecom and internet projects that had no economic rationale. Had it not been for this bubble, the money might have been invested productively. For this reason, proposals intended to prop up the stock market should be viewed as special-interest measures, comparable to protective tariffs for steel or farm subsidies. >>> tompaine.com

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