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Robert Shiller, the economist credited for correctly predicting the collaspse of the technology stock bubble in the late nineties as well as the housing bubble, noted the recent fear and resistance to a massive stimulus/overhaul to combat the ills of a creeping deflation which will ultimately chain our retirement accounts as well as our hopes for future prosperity.  It is understandable that a great number of our country’s citizens have negative feelings toward our future with the sheer wealth destruction that has taken place in the past year as well as the freefall in our labor markets.  However, there will be greater freefall ahead undoubtebly should we resist the need to get credit flowing again to our businesses and consumers.

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