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To: long-gone who wrote (74826)3/2/2001 5:54:46 PM
From: pater tenebrarum  Read Replies (5) | Respond to of 436258
 
yup...ALL: did youse hear what Seidman just said???

"the Fed isn't watching the money supply anymore, and it's not a useful indicator in our 'new economy' anymore"

this is scandalous...the gauge of credit excess not a useful indicator? monetary inflation on an unprecedented scale 'doesn't matter in the NEW ECONOMY'???

the hubris is absolutely baffling...what a bunch of CLOWNS.