[Toddsterpatriot]

What do you think the price of money is? It is called “interest rates”. Interest rates should be set by the free market, as they were before the Fed.

Interest rates are still set by the market.

[richalessi]

All countries have central banks, and interest rates the world over are set through central planning.

http://www.federalreserve.gov/boarddocs/press/monetary/2007/20070628/default.htm

http://en.wikipedia.org/wiki/Federal_funds_rate

If you think the market is setting rates, do you also think that inflation is in the 2-3% range (which would imply long rates in the 5% range is OK). The 2 concepts are inconsistent.