To: Hydroshock
Doing that will create inflation,and that will wreck teh economy. No it won't.
6 posted on
08/24/2007 5:47:43 AM PDT by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Moonman62
It always has inthe past, the primary reason the home prices have shot up in the past 5 years or so is cheap money. Cheap money is one cause of inflation.
10 posted on
08/24/2007 6:01:24 AM PDT by
Hydroshock
("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
To: Moonman62
The fed needs to protect the dollar. If they cut rates too much, the dollar falls and we have to raise interest rates on T-Bills for China, Japan and Europe to buy them. I think that’s the Fed’s main concern, they just don’t want to say it.
86 posted on
08/24/2007 8:27:19 AM PDT by
FightThePower!
(Fight the powers that be!)
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