Okay, but when we talk about what's 'pushing' and what's 'pulling' don't we have to carefully consider the level and trend of unemployment, along with liquidity?
Maybe my heart is chasing my brain, but I just don't see how liquidity alone, with the economy shrinking by almost every measure, will get us out of this hole.
"Liquidity preference is neither preferable nor liquid. Talk amongst yourselves."
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As a result, First Sea Lord demands outfitting a fleet of frigates for anti-pirate patrols off the coast of Africa.
Okay, but when we talk about what's 'pushing' and what's 'pulling' don't we have to carefully consider the level and trend of unemployment, along with liquidity?
Maybe my heart is chasing my brain, but I just don't see how liquidity alone, with the economy shrinking by almost every measure, will get us out of this hole.
"Liquidity preference is neither preferable nor liquid. Talk amongst yourselves."
That's why the government has to fill the spending gap - cause the poor folks can't.
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