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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (29400)	3/25/2005 5:54:07 PM
From: mishedlo	Read Replies (2) of 110194

To anticipate deflationists' objections, this process has nothing to do with wages, economic growth, or retail demand. Even with a drastic drop in employment and collapsing retail sales, a large government that pays its bills with freshly-printed fiat currency can and will produce inflation, which is merely currency depreciation. He is dead wrong. It is about jobs because without them people can not pay their bills, housing crashes and MONEY is destroyed in mass. He is dead wrong. Mish

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