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It is because of the instinctive revulsion that wealthy elites exhibit to either of the two above solutions to deflation that I fear that we will yet be plunged into a debt deflation death spiral. There may well be a limit to the ability to save people from themselves.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Nov 18th, 2013 at 08:42:09 PM EST
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