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By encouraging Americans to believe prices will start rising at a faster pace, the Fed would reduce inflation-adjusted interest rates and stimulate the economy.

Wait - what? Inflation goes up, real purchasing power decreases, people borrow more from bankrupt banks that aren't lending to make up the gap, the economy grows?

Is this a plan or a comedy sketch?

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Oct 14th, 2010 at 08:10:20 AM EST
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