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That's what we had in the 1970s (stagflation). Now we're having deflation because hard-money ideology has solidified.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Carrie (migeru at eurotrib dot com) on Tue Jul 1st, 2014 at 06:33:06 AM EST
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