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June 2, 2008

Monopoly

monopoly money The following paragraph is extracted verbatim from the rules of the board game Monopoly. I kid you not:

"The Bank never goes broke. If the bank runs out of money it may issue as much more as may be needed by merely writing on any ordinary paper."

It seems Greenspan and Bernanke studied at the Parker Brothers School of Economics.

I'll be back later with some comments on today's very interesting action.

 

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