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To: Mahesh who wrote (34544)1/12/1999 10:48:00 PM
From: David Lee  Respond to of 164684
 
When too much money chases too few goods you have inflation. To curb it you tighten the money availability i.e. tight money policy - raise interest rates.

or sell bonds, or even raise the require reserve ratio. Yes, yes -- i was wrong -- major memory lapse. Sorry. Thanks for pointing out my error.

David