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To: AndyJackson
Look your game of counting how many hands pass the shell with the pea under it is an irrelevant distraction.

Why are you avoiding my very simple question? Just admit your statement was wrong, and I'll answer the very simple questions that I'm sure you already know the answers to.

83 posted on 11/21/2007 8:52:54 AM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: Toddsterpatriot

Because, operationally it is not wrong. The treasury prints treasuries (because its tax revenue falls short of its expenditures), it sells treasuries, and to the extent this affects economic growth and monetary targets, the federal reserve offsets the effect by increasing reserves through open market operations by purchasing treasuries to increase reserves (which through fractional reserve banking increases total cash and credit in the system). In short, when the government is short of funds it prints it.


84 posted on 11/21/2007 8:58:24 AM PST by AndyJackson
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