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Kass: Lower Interest Rates Are Not a Cure-All

 

"Despair is a mortal sin."

-- William Buckley

This blog post originally appeared on RealMoney Silver on Feb. 29 at 7:32 a.m. EST.

I have argued in the past that the cost of avoiding a recession might be greater than the cost of enduring a recession.

Few agreed with this observation as calls for "shock and (monetary) awe" were plentiful in the media. ...

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