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2008-01-20 — blogspot.com
'Decreasing interest rates is not going to induce anyone to buy more clothes, electronics, etc. Therefore, the economic problems we face are passed your first line of defense – the money supply. Now the consumer has to be directly stimulated by giving them cash. Interesting that for all the fancy economic theories in the end we are Keynesian in our approach. My bet is that the stimulus package, whatever the form and however the government spins it, is too little too late.'
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