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Author Topic: Mea Culpa  (Read 3146 times)
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« on: October 16, 2013, 12:07:08 PM »

Woof All:

This thread is for admitting where we thought we were wrong.

I'll kick things off.

Like many, I anticipated huge inflation due to the Fed printing scandalous amounts of money.   Though this may yet happen due to the inherent contradictions of the path upon which we are embarked, I have come to belief that Scott Grannis has been correct on this point-- that bank reserves are not the same thing as printing money.

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