To: Protagoras
You're right that future movements of prices can only be estimated based on experience. The future drop in interest rates under a consumption tax such as the Fair Tax has been studied by the Federal Reserve Bank of Kansas City. See:
http://www.fairtax.org/pdfs/interestrates.pdf
237 posted on
08/27/2004 12:53:05 PM PDT by
n-tres-ted
(Remember November!)
To: n-tres-ted
The future drop in interest rates under a consumption tax such as the Fair Tax has been studied by the Federal Reserve Bank of Kansas City.The FUTURE drop in interest rates cannot be studied. It can only be speculated upon.
240 posted on
08/27/2004 12:54:37 PM PDT by
Protagoras
(" I believe that's the role of the federal government, to help people"...GWB, 7-23-04)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson