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remsen, iowa nw iowa | in the absence of a central bank deflation is what you get as processes of production improve. more goods less money. with a central bank you get inflation , suppossedly to smooth the business cycle. when you have a central bank, to ie control things{i must back up here, the feds mandate in 1913 was to PROTECT THE DOLLAR, AND PROMOTE FULL EMPLOYMENT. now how have they done?seeing as the dollar has lost 95% of its value since the feds inception. remember the original mandate. d7 | |
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Real dumb question
