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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: TobagoJack who wrote (247428)7/12/2003 1:08:40 AM
From: UnBelievable  Read Replies (2) of 436258
 
First Do No Harm

Your original post and the Dallas Fed Document recently resurfaced. That article is one of the scariest things I have ever read.

It amazes me that nobody seems to be questioning the effectiveness of "simulative monetary policy" with regard to stimulating the real economy.

Before figuring out how to cut rates "below zero" it seems like someone would be at least a little curious about why cutting them to zero has not worked.

Doctors used to believe that bleeding the patient would cure him. In this case the patient has been bled as much as possible using the traditional methods of cutting a vein, without any indication that it is helping the original disease, so now "doctors" are trying to figure out how to get a little more blood out by cutting into the internal organs.

Capital is the blood of any economy. The economic problem we are currently experiencing is the result over a decade of capital mal-investment and resulting capital destruction, brought about in no small part through the initiatives of the Fed. Thus far they have only managed to severely debilitate the patient. I'm sure with the new "bleeding" techniques such as those described in the paper we can be sure that the patient will be dead in short order.

Btw - the idea of throwing money from helicopters is not farfetched at all although I think that what actually takes place is the government throws money they do not have at things like helicopters - something that clearly has been going on for a while.
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