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Re: The Republic of Bubbles
by Anonymous
"Why didn't the USA develop Weimar Republic-style inflation years ago? " One word or should I say one person: "Volker". He and the Fed tighten up on money ... in 1982 the mortgage interest rate was 18%. I was transfered in Jan 82, the banks could not even find the mortgage applications because on one had been requesting them. Is there anyone around now with the intestinal fortitude and nerves of steel to fight the inevitable inflation that will come from the over spending? I seriously doubt it! Snowbird
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