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  • see_it_coming see_it_coming Oct 13, 2008 6:00 PM Flag

    Inflation or Deflation

    I don't know why you are resisting the obvious truth that our monetary policy is becoming increasingly inflationary. I get your point about deleveraging and the money multiplier. But you seem to rest this case on the assumption that banks will hoard cash to no end. I guess we just have a difference of opinion on this point.

 
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