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With or WITHOUT a Social SECURITY FIX, Americans don't have enough ASSETS to retire on. There has to be a much larger debate.

Author - Frank Keating

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If these ASSETS were set up as a revolving fund with which Japan could import RAW materials for its INDUSTRIES, JAPANESE exports could again enter the channels of world trade-and Japanese workers would have employment and something to eat.

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My bottom line is that monetary policy should react to rising prices for houses or other ASSETS only insofar as they affect the central bank's GOAL variables - OUTPUT, employment, and INFLATION.

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