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To: Defrocked who wrote (12402)	12/3/1998 9:09:00 PM
From: Investor2	Read Replies (1) \| Respond to of 86076

Thanks for the many excellent posts today. Re: "The above quote assumes that the Fed will react in a manner that many Fed critics have decried: ..." It seems that criticism of Fed's policy has picked up substantially over the past year. Isn't this the same Fed which managed to lead us to nearly unprecedented levels of consistent growth without recession? Re: "generally people work for real money wages ..." Yes, except the people who are private business owners, who often work "for the joy of it." <G> Re: "Eventually discipline will be imposed on the Fed by the bond and currency markets..." In your opinion, what would trigger the bond/currency markets to "discipline" the Fed? Best wishes, I2