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Re: Election 2010: Teabaggin' the Ds & Rs
Quote:
Originally Posted by LessinSF
Quantitative Easing Explained.
"'The printing money' is the last refuge of failed economic empires and banana republics, and the Fed doesn't want to admit this is their only idea."
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C'mon now. Failed states print money to pay consumption they can't afford. The Fed is creating money to buy and holds bonds.
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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