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Politics : Ask Michael Burke

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To: ForYourEyesOnly who wrote (60343)	5/22/1999 10:10:00 PM
From: Tommaso	Read Replies (3) of 132070

Sounds very convincing to me. I am at the moment printing this out (slowly, old dot-matrix) to study. The big difference between now and 1929 is that currency is totally fiat, nothing but paper, so the governments can increae it overnight at will. The U. S. Constitution assigns that power. restrained somehwat by a staggered-term Federal Reserve. I don't disagree with Michael Burke on much, but agree with Milton Friedman that nothing is so simple as curing deflation. Just print money.

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