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| Topic: |
Biographies
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| Number of pages / Number of words: |
3 / 787 |
Essay's paper body
If more money is put into the economy then nit will
grow faster but if too much is put in, inflation will occur. Also, they feel that this will
remedy the low rate of unemployment which will soon cause inflation to spiral upward if it
continues to decrease below the standard 6%.
Adam Smith would surely understand the Four Percenter's plea...
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He would want
the economy to be free from too much government control. Greenspan is abusing his place
and should let the currency flow into the market rather then hold back. Sure, Smith would
say some mediation is necessary to keep too much money from pouring in so inflation
doesn't occur. Smith believes that the economy should be free from the government yet
the government should still silently oversee it to prevent any problems...
Essay fragment
General points of the essay
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