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If anyone sees realistic steps than can be undertaken in either the US or EU to affect demand over the short (1-5 years) term I'd like to hear them.

If supply is constrained, price will go high enough to cause demand to be affected. We're in that process now.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Fri Jun 27th, 2008 at 11:35:31 AM EST
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I guess I should have said "to effect demand without causing a major depression".

We can also cut demand for food stuffs by allowing millions to starve to death, but I don't think that is the preferred solution to rising prices.

Policies not Politics
---- Daily Landscape

by rdf (robert.feinman@gmail.com) on Fri Jun 27th, 2008 at 12:13:00 PM EST
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