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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (25265)12/7/2009 7:07:22 AM
From: axial  Respond to of 71456
 
Ah, yes... but we knew that, didn't we? The Fed has always loved inflation: at least "programmed inflation" and "target inflation". It was built-in to long-range forecasts.

Controlled inflation seems to be a necessary adjunct to fiat money.

The Fed fears what Schumpeter understood: creative destruction.

Jim



To: Real Man who wrote (25265)12/7/2009 8:36:27 AM
From: carranza2  Read Replies (2) | Respond to of 71456
 
Deflation is anathema to the Fed because, like a staph infection, it becomes very difficult to control after it begins.

This is one point on which I find it easy to disagree with the Austrians.


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