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The impact of monetary easing is similar to currency intervention. The first time they do it, there's a huge impact. But as they repeat it, the impact will wane.

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    Who said: "Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future."?
    A Gerald Ford
    B Lyndon B. Johnson
    C Jimmy Carter
    D John F. Kennedy