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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (23622)9/28/2002 11:16:58 AM
From: TobagoJack  Read Replies (2) of 74559
 
One more matter, Maurice, on <<What printing can do is transfer ownership of assets from one bunch of people to another and maintain price stability and reduce the propensity of people to keep money stashed in a mattress>>, you are wrong, because poverty is being transferred from one group to another, and thus neither will continue to spend. End of the story.

Chugs, Jay
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