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To: eddieww who wrote (46663)	12/12/2000 2:52:22 PM
From: Archie Meeties	Read Replies (1) \| Respond to of 436258

OK, didn't realize you were still thinking along the lines of that idea from yesterday. It's an interesting idea - and we've tossed around the idea that some dollar devaluation is inevitable to deal with debt. But the fed governors would have to hit the glue bong hard for a fast 30% devaluation to seriously be entertained. They can't manage such a huge shift with precision, and chaos will ensue. The social ramifications of quick bigtime dollar devaluation are one of the feds biggest nightmares, and this fear informs policy.