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12/07/2008

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Seems to me like the last thing you want to do DURING a downturn/crash/depression/recession is give people another reason to panic and liquidate their 401K near a market bottom.

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of depression is anyone at fault, and the second was downright beneficial to the economy. In the third and most interesting type of depression, illustrated by both the depression of the 1930s and the current depression, the cause is the bursting of an investment bubble. There was a stock market bubble in the 1920s fueled by buying stock with money loaned by banks. That was

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