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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.90

+0.1%

4:00 PM EST

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To: Investor-ex! who wrote (13098)	6/13/1998 9:38:00 PM
From: philv	Read Replies (1) of 116795

Milton Friedman & Others (ahhaha): Friedman says that deflation/depression is the easy for C.B.s to control---simply increase the money supply. Problem is, you still have to distribute money to the population somehow, and that is done by lowering interest rates and inticing people to borrow money now. This is Japan's challenge. Will their population borrow, spend, spend? Like North America? Can they inflate faster than the drop in confidence, and when they do, what is the consequence for re-inflation? Place your bets. Phil

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