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Re: Election 2010: Teabaggin' the Ds & Rs
Quote:
Originally Posted by Tyrone Slothrop
There's a trade-off between inflation and unemployment. Higher inflation, more people working. The Fed is supposed to balance these goals. Except that it doesn't -- it's under the influence of bankers who think, simply, inflation is always bad and less is good. Hyperinflation is, of course, bad. That is not our problem right now. QE is aimed at getting the economy going.
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Like the last $2T? No. It is to inflate the debt away.
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Boogers!
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