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Say hello to inflation
If I heard the news correctly, last month's inflation numbers saw an increase of 1% on an annualized basis. That's not good. Mr. Bernacke and others might think about focusing on the dollar and inflation as lowering interest rates further is going to do nothing but more of the same harm it has done and produce more inflation. Martin Feldstein on the subject: Enough With the Interest Rate Cuts - WSJ.com
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“Scientists are people who build the Brooklyn Bridge and then buy it.”
Wm. F. Buckley, Jr.
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