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Wednesday, April 26, 2006

A Look at Hyperinflation by Mike Shedlock

The Fed is almost always fighting the wrong battle so I agree with Faber that it should be abolished. A return to the gold standard and elimination of fractional reserve lending is just what we need. It would be a very painful adjustment to make, but a serious adjustment is coming anyway. We may as well make it the right one.

posted by SARTRE @ 4/26/2006 06:01:00 PM  

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