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[OPE-L:6115] Re: possible ways out of the 'crisis'?

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On Tue, 30 Oct 2001, Gerald_A_Levy wrote:

> Federal Reserve cuts in interest rates intended to stimulate
> borrowing, investment, and aggregate supply.

I would credit the Fed with being smarter than that.  Surely the rate
cuts are designed to increase aggregate _demand_.  Of course, if the
general macroeconomic conditions are depressed enough the cuts may not
be very effective (Keynes and "pushing on a piece of string".)

Allin.
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