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View Diary: Flat Out Lying (189 comments)

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  •  You're a little off (5+ / 0-)

    A big part of the boom of the 80's was caused by the Fed cutting the discount rate from 18% down to about 6%.

    If the Fed had cut the discount rate from 2% to -10% the economy would be going great right now.


    In theory, there is no difference between theory and practice; but in practice, there always is a difference. - Yogi Berra En théorie, il n'ya aucune différence entre théorie et pratique, mais en pratique, il ya toujours une différence. - Yogi Berra

    by blue aardvark on Sat Jan 28, 2012 at 03:28:05 PM PST

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    •  . (1+ / 0-)
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      Crashing Vor

      you are absolutely correct, however in the economics/investment circles I regularly read, they claim we are running negative interest rates and have been for some time because of false CPI numbers.  I believe them.

      "Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild, 1790

      by FreeTradeIsYourEpitaph on Sun Jan 29, 2012 at 07:00:21 AM PST

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