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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (222556)	2/19/2003 12:49:21 PM
From: MythMan	Read Replies (1) \| Respond to of 436258

thanks, I'll tee up my orders for late this afternoon.

To: yard_man who wrote (222556)	2/19/2003 12:58:46 PM
From: Lucretius	Read Replies (1) \| Respond to of 436258

of course is right...

To: yard_man who wrote (222556)	2/19/2003 1:06:35 PM
From: Perspective	Read Replies (1) \| Respond to of 436258

Damn, hadn't even seen this Bernanke gem: Of course, in lieu of tax cuts or increases in transfers the government could increase spending on current goods and services or even acquire existing real or financial assets. If the Treasury issued debt to purchase private assets and the Fed then purchased an equal amount of Treasury debt with newly created money, the whole operation would be the economic equivalent of direct open-market operations in private assets. federalreserve.gov How the hell would you propose a bunch of farking politicians are going to select which assets to buy in government-directed "open-market operations in private assets" ? Jesus, those fckers scare me more and more every time they open their mouths. Hasn't anybody learned anything* about the value of free-market forces, and the pitfalls of centrally managed economies? Jesus Christ, they're going to destroy the greatest productive economy the planet has ever seen, all in the name of saving it. The more I hear, the more I believe the Pax Americana will suffer the same fate as Pax Romana. I just hadn't expected it to fall so quickly, and during my lifetime. BC