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Isn't expansion of the money supply supposed to trigger declining value of the monetary unit, or is the market catatonic?
by afew (afew(a in a circle)eurotrib_dot_com) on Thu Jan 16th, 2014 at 08:58:17 AM EST
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I suppose the market has been drugged out of its senses by easy money.

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 Migeru (migeru at eurotrib dot com) on Thu Jan 16th, 2014 at 09:42:32 AM EST
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Mr. Market is undergoing treatment for Anti-social Personality Disorder.  Aripiprazole has been prescribed and the doctors are confident he will be able to be released to a half-way house in the near future.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Fri Jan 17th, 2014 at 12:24:59 PM EST
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