``I must give him his due. He has considerably cretinized me.'' Lautréamont

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Wednesday, November 01, 2006

Wiring Development (NYT)

absolute economic illiteracy

if the money isn't in circulation in the US, the Fed prints more automatically in meeting its interest rate target

Unless the billions in remittances that migrants working in the United States send home each year are banked, money that could fight poverty will be left on the table.


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