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Tuesday, March 11, 2008

Sorry, Kids

I may as well apologize now to my children and grandchildren and great-grandchildren and so on. I really did not back anything of Bushism, neither internationally nor domestically. But I was not in a position to effect policy, so you must suffer. The incredible Federal Reserve has attempted to introject $200 billion into credit markets. According to my understanding of monetary theory, this will exacerbate inflation. It should also lead to a further decline in the value of the US dollar. This is why you cannot afford to buy food and why your currency is worthless.

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