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CSPAN2 Book TV January 3, 2010

>> theyre either going to have to lower their lending standards or theyre going to have to lower the interest rate at which it injured. >> and thats the key point. that it does it through the expansion of the money supply but thats the reason why i offered to warn the simple antidote over what happened over the last several years. the federal reserve set the overnight interest rate at 1%. thats impossible for a market to ever believe in because it was beneath the rate of inflation. tha...
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