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Archive for August 3rd, 2013

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A Shortage of Confidence

Saturday August 3rd, 2013   •   Posted by Burt Abrams at 11:42am PDT   •   2 Comments

Imagine the following scenario. Unemployment remains stubbornly high as the Chairman of the Federal Reserve enters the Oval Office. The President urges the Chairman to pump more money into the economy to stimulate economic growth before his reelection bid. The Chairman responds: “In my view, the monetary authority has laid the foundation for recovery. What is holding back the economy now is…
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