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To: VoodooEconomics
The plan...calls for an annual tax of 3% to 5% on all savings and time deposits in the country

That is just idiocy!
4 posted on 06/20/2003 12:48:52 PM PDT by Lee_Atwater
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To: Lee_Atwater
The Federal Reserve floated a trial balloon about a month ago stating that this would be one strategy for increasing the velocity of money in the event of deflation.

The other strategy would be to place a date/time stamp on Federal Reserve Notes that would have the face value of the FRN decrease over time. A $20 bill held too long would decrease in value, for example, to $15.

They're trying it in Japan first.

5 posted on 06/20/2003 12:59:57 PM PDT by Publius
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To: Lee_Atwater
I'd go long on Pachinko balls.
6 posted on 06/20/2003 1:01:23 PM PDT by Eric in the Ozarks
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