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he expanded the money supply in 1995 and again in 2000 in order to create growth. Since you can't create growth out of thin air these bubbles eventually burst.
by nazgulnarsil 18y ago
he expanded the money supply in 1995 and again in 2000 in order to create growth. Since you can't create growth out of thin air these bubbles eventually burst. This is blatant Keynesian economics, the opposite of the free-market.
- anewaccountname 18y agoGuess WWII never happened.
- nazgulnarsil 18y agowar is the broken window fallacy writ large.