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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: geewiz who wrote (28170)5/15/1998 4:54:00 PM
From: Jack Be Quick  Read Replies (1) | Respond to of 132070
 
Art,

OK, for the purpose of discussion, let's say that the Fed has been too accommodative with monetary policy. This does not explain why the loose money is, for the most part, being "invested" in a select group of non-income producing financial assets. Still, you're probably right, the Fed should just take away our money before we "invest" again. No money, no bubbles - got it, thanks.

John