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To: UnBelievable who wrote (86572)3/27/2001 10:01:02 PM
From: Terry Maloney  Respond to of 436258
 
It all becomes very clear once it is recognized that he is using an exponentially increasing discount rate when he calculates the present value of future pain.

Exactly ... yet everyone from his fellow-Governors to Soros to the dudes at the Bundesbank let him get away with it with nary a murmur of protest. I find that passingly strange.