With an unlimited capability to print new money, I think

来源: miat42 于 2008-11-26 05:12:32 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (400 bytes)

a great depression replay like the 1930s may most likely be avoided this time. However, the problem is, despite the short term deflation, as soon as the recovery begins in 2 or 3 years, tremendous inflation pressure will mount caused by maybe 2 trillion of added money circulation. Unless Fed can withdraw the money supplies in the future, which I doubt, a long term inflation future is guaranteed.

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• totally agree! -mikelu- ♂ 给 mikelu 发送悄悄话 (119 bytes) () 11/26/2008 postreply 06:46:16

• Part reason for the gamble is to eliminate foreign debt -miat42- ♂ 给 miat42 发送悄悄话 miat42 的博客首页 (167 bytes) () 11/26/2008 postreply 06:51:13

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