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To: T. P. Pole

One is that inflation is really caused by governmental devaluing or debasing of the currency.

...

That’s mostly true. Pumping money to stimulate an economy in recession devalues the currency. The way to prevent this is not to allow the Federal Reserve to put the economy in recession with interest rates manipulated to be higher than what the market would charge, which they justify with their false premise that economic growth causes inflation.


12 posted on 08/17/2019 8:30:40 AM PDT by Moonman62 (Charity comes from wealth.)
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To: Moonman62

We already have a giant stimulation via .gov spending. Lower rates ensures .gov will continue to spend. This economy has been very unhealthy for decades. Lower rates ensures more .gov spending and makes it ‘easier’ for them. The death of savers continues.


15 posted on 08/17/2019 9:26:43 AM PDT by Theoria (I should never have surrendered. I should have fought until I was the last man alive)
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