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To: mishedlo who wrote (204243)11/12/2002 9:39:40 PM
From: At_The_Ask  Read Replies (3) | Respond to of 436258
 
While some have suggested (only half-jokingly) fueling inflation by dumping money out of a helicopter, other ideas -- which really aren't much different than dumping money out of a helicopter -- have reportedly been bounced around by Fed officials and economists, including issuing vouchers for consumer goods and printing currency with a magnetic stripe that makes the money lose value the longer it stays in your wallet.

But these methods aren't guaranteed to raise inflation, and they might smell a wee bit desperate.

"They've really lost their minds [at the Fed] if they really think that's the kind of thing that's going to do anything other than collapse the economy," said Jim Bianco, president and research director of BiancoResearch.com.


Surely they haven't really considered this, I agree with the guy that said they have lost their minds....ng