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To: pater tenebrarum who wrote (40696)6/19/2000 8:16:00 PM
From: BGR  Read Replies (2) | Respond to of 42523
 
Heinz,

In an economy which is growing by leaps and bounds via productivity growth (i.e. above and beyond inflation), increased money supply is crucial to keep deflation in check. The Fed's last 10 years worth of "pumping" didn't cause inflation, nor did it cause the dollar to falter. I think that it is again humility time for you.

-BGR.