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June 30, 2002
Productivity To Keep Rates Low

Even Greenspan believes that the increase in productivity may allow the economy to grow at a 3 to 4% rate without touching off inflation. Reuters has a good summary of the situation and some pertinent quotes from Greenspan.

What this means is that we may be able to keep the cost of money cheap, while we grow the economy quickly. A significant change in the historical cost of money really could make Wired's old prediction of the long boom come true.

Posted by hoffmang | June 30, 2002 12:37 PM


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