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To: NOW who wrote (59922)1/19/2001 4:51:45 PM
From: yard_man  Respond to of 436258
 
that first article -- before they start bashing the Fed -- is really good. I know it is basic, but there is so much BS distortion in the media ...



To: NOW who wrote (59922)1/19/2001 5:07:57 PM
From: pater tenebrarum  Respond to of 436258
 
<<Today’s prevailing view is that central banks and other policy makers are knowledgeable enough to pre-empt severe economic slumps. >>

today's prevailing view will be severely challenged...imo monetarism and Keynesianism have been thoroughly discredited by the Japanese experience. clearly the Austrian school RULES!


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