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Old 08-10-2007, 03:39 PM
Copernicus Copernicus is offline
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Join Date: Jun 2003
Posts: 6,912
Default Re: The Federal Reserve: Love it or Hate it

Love it and fiat currency. Without the latter we would be stuck with a mid-20th century economy, without the Fed to dampen volatility risk premiums would be higher tightening both credit and equity capital.
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