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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Srexley who wrote (96528)11/30/2000 10:43:24 PM
From: gao seng  Read Replies (1) | Respond to of 769667
 
excellent post.

Why does the fed raise interest rates? because enemployment rate is too low and the so-called Phillips curve says they should. But who would benefit if the Phillips curve is wrong (which I strongly think it is) and say unemployment could go as low as .5 percent without causing a disturbance to monetary policy?

But then, why would we need Democrats if this happened?


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