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To: kayco who wrote (122227)7/6/2009 2:45:00 PM
From: Elroy Jetson5 Recommendations  Read Replies (4) | Respond to of 206131
 
I'm of the opinion that "stimulus spending" cannot create prosperity or maintain stability.

Spending should be designed to make the economic decline and deleveraging more orderly and prevent the creation of a starving and desperate populace, the sort prone to disorder.
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To: kayco who wrote (122227)7/6/2009 6:36:53 PM
From: Archie Meeties5 Recommendations  Read Replies (4) | Respond to of 206131
 
If you want hear the smallest held minority position, it's that Ben has managed to create a good balance between inflation and deflation. Nobody would even countenance saying such a thing! Yet I suspect it's more accurate that either extreme of significant deflation or inflation at this point.

I'm open to the possibility that the Fed knows enough and has enough data that they can walk the tightrope. It sounds like blasphemy as I type it, but I'd be a fool not to consider all possibilities, especially the one that seems to fit the current situation most accurately.