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

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To: orkrious who wrote (68644)8/23/2006 10:36:33 AM
From: bart13  Read Replies (3) of 110194
 

The latter sounds just like Bernanke.


Yes, and the facts as well as saner economists like Friedman and many Austrians support it.

Anyone who thinks we can solve the mess created by too much money with more money needs to rethink their position.

At the risk of being misunderstood, the whole system is based on more money. If the system went negative on overall money supply creation for any significant length of time a depression and massive social unrest is guaranteed.

I submit that the biggest issue, but in no way all of them, is the size of the oscillations... followed closely by a high rate of money creation. The '50s in the US was one of the "best" economic periods in the last century, and was also the period with the smallest oscillations. Feedback loops suck.

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