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To: expat_panama

The “free lunch” article is fantastic.


50 posted on 03/18/2015 7:38:07 AM PDT by palmer (Net "neutrality" = Obama turning the internet into FlixNet)
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To: palmer
The “free lunch” article is fantastic.

imho it was a nicely written but without a valid point; it falsely advanced a misunderstanding that the primary purpose of the Fed is a growing economy.  It isn't.  The Fed exists to stabilize the dollar's prices.  Sure, an economy grows better with stable prices but economic production comes from producers.  There is a big difference between money and wealth --and the Fed knows full well that it can create the first and not the second.

64 posted on 03/20/2015 3:05:25 AM PDT by expat_panama
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