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Maybe it's a different argument but it all boils down to the same thing: expanding the central bank's balance sheet is not inflationary.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Carrie (migeru at eurotrib dot com) on Fri Nov 29th, 2013 at 05:28:23 AM EST
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