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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (54352)5/8/2009 6:58:13 PM
From: koan  Read Replies (1) | Respond to of 149317
 
>>>>IMHO, it won't be deliberate devaluation, but a devaluation that WILL happen incidental to our government's policy of massive deficit financing.<<

Where I would debate the above is that Krugman says the stimulous spending is not straigthforward hyperinflationary for mathematical reasons having to do with deflation and a subdued economy.

I think the right wing, and maybe you, are assuming an arithmetical straightforward stimulous, hyperinflation response reaction, and krugman is saying the economic math is more compicated and does not necessarily lead there.

He has the explanation here somewhere:

topics.nytimes.com




To: koan who wrote (54352)5/9/2009 11:50:37 AM
From: Bread Upon The Water  Read Replies (1) | Respond to of 149317
 
"Re the fed, I do think it wll be deliberate. What I am saying is the fed will either halt a freefall, or force a decline, depending on what the market is doing."

I think they more or less will let nature take its course, but in any event, the end result, either way, will be more or less the same.


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