Perhaps the alarmists and their media allies could be given a pass, except they should have known the truth even last summer.

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The truth is that, except for low short-term interest rates, monetary policy has not been easy for quite a while.

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The truth is that they should be avoided except as a last resort.

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Except that, whatever he says for public consumption, he seems to know the truth is that privacy invasion, for most consumers, is less like a lethal electrified rail than like a very hot bath: they just need to be eased into it.

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