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Politics : Welcome to Slider's Dugout
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To: Fiscally Conservative who wrote (11237)8/21/2008 3:25:06 PM
From: ecrire  Read Replies (1) of 50324
 
jim-p makes the valid point that Fed bailouts cannot force banks to resume lending given their precarious financial condition. Without credit, business grinds to a halt, meaning severe recession which is deflationary. So we're back to the inflation/deflation debate and each will act according to their beliefs.
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