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View Diary: Economics Daily Digest: Learning to love the platinum coin (26 comments)

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  •  If the Fed is run by rational human beings (1+ / 0-)
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    Remillard

    they can pretty much stop inflation in its tracks if they catch it soon enough before it gets out of hand.  Of course that will substantially slow down the economy.  By the way, I do not count the likes of Alan Greenspan as rational human beings.

    "In this world of sin and sorrow there is always something to be thankful for; as for me, I rejoice that I am not a Republican." - H. L. Mencken

    by SueDe on Tue Jan 08, 2013 at 12:13:23 PM PST

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    •  They would raise interest rates (0+ / 0-)

      And yeah- they're too low- but that hurts and pretty much halts the economy in its tracks

      So again, you can do a little of that in the mix, but too much and you end up with what we had in the 80s

      13% interest rates AND inflation

      The object of persecution is persecution. The object of torture is torture. The object of power is power. --George Orwell

      by jgkojak on Tue Jan 08, 2013 at 01:16:22 PM PST

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