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To: Joseph G. who wrote (12393)	12/3/1998 6:47:00 PM
From: Defrocked	Respond to of 86076

Did you mean that post for me? Didn't quite follow the connection from my post to yours. Regarding the postscript, generally people work for real money wages as you may be implying. Economic debates abound over money illusion, the transmission effect of changes in monetary growth and the rational expectation of those changes. The Fed may have fooled most people with their last cut, myself included. But to continue that tack risks a negative response from the bond and currency markets IMHO.