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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Thomas M. who wrote (35946)	5/26/2000 10:14:00 AM
From: Cynic 2005	Read Replies (2) \| Respond to of 42523

Finally read the whole thing: Good stuff! The severity of this disruption i.e. inflation, is depicted by the loose monetary stance of the FED. In January 1980 the US Federal Reserve Board?s money base stood at $132 billion. By the end of April the base was $573.4 billion, an increase of 334 per cent. We can thus conclude that rather being seen as an inflation fighter, the FED should be regarded as the sole source of inflation.