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Well, "everyone" was clamoring for the Fed "to do something"! But the lurking danger is that if they go too far in promoting "currency revulsion" as a way to get people to spend they could end up getting hyperinflation. That would solve the debt problem.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Oct 14th, 2010 at 09:52:07 AM EST
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