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2010-09-07 — blogspot.com
Good wide-ranging interview with Stoneleigh from the Automatic Earth. As usual we nearly 100% agree with what she is saying, though we think she has the "deflation" outcome wrong. What the TAE writers consistently ignore is the government and banks' money creation in response to the crisis, for bailouts (and to some extent, stimulus). Now, we really WOULD have a deflation if the big banks had not been bailed out, and derivatives were being dismantled instead of growing, and the government was refusing to print for "stimulus" spending....
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