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To: SeekAndFind
In addition to his Keynesian embrace of "infrastructure spending" as a way out of economic turmoil, there is this nonsense:

"As Christina Romer, Barack Obama’s designee as chairperson of the Council of Economic Advisors concluded from her study of the Great Depression, bad monetary policy was its greatest cause and good monetary policy was its most effective cure. The Fed should continue to expand the money supply. And, it should confirm that it will not tolerate deflation — the pain of inflation pales in comparison."

The last thing we need is for the Fed to create more "fiat" money. This guy is badly in need of a course in Austrian Economics.
36 posted on 12/20/2008 3:50:09 PM PST by rob777 (Personal Responsibility is the Price of Freedom)
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To: rob777

The best possible way to bring the German people back into work is to set German economic life once more in motion through great monumental works... This is not merely the hour in which we begin the building of the greatest network of roads in the world, this hour is at the same time a milestone on the road towards the building up of the community of the German people.
— Adolf Hitler


92 posted on 12/20/2008 4:46:10 PM PST by Leisler
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