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GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: Ilaine who wrote (12326)12/11/2006 1:53:59 AM
From: TobagoJack  Read Replies (2) of 217573
 
central bank centrally plans the pricing of credit, as in, per your words rephrased ...

Central banking doesn't work for long because there is simply no way that a disinterested party can make rational economic decisions via proxy on behalf of interested parties.

Only you know what you want, what you need, and what you are willing to pay.

A central bank does decide what you want, and what you need, it is not just acting as a clearing house.
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