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To: Cooter
RE :”Isn’t Schiff preaching hyperinflation, not deflation, as this article lays out?

Hyperinflation for certain things is from based on falling dollar. Inflation in the 1970s led to a bust for US in early 1980s. From above:”The folks at Grant's estimate the federal response to the current downturn to be 12 greater than that to the Great Depression, which prolonged that recovery for a decade. However, all of this government intervention will only spawn new malinvestments and later depressions.

8 posted on 06/22/2009 6:54:15 PM PDT by sickoflibs (Socialist Conservatives: "'Big government is free because tax cuts pay for it'")
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To: sickoflibs

The Great Depression was deflationary, not inflationary.


9 posted on 06/22/2009 6:55:52 PM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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