To: Toddsterpatriot
Actually, they can readily ensure that tons is created by just creating it themselves directly. What they can't do is directly stop banks from making tons of it, if said banks have a hankering to do so. They can influence this indirectly, though, and very strongly. (If the Fed set short rates at 20%, then...)
4 posted on
12/18/2007 7:58:14 PM PST by
JasonC
To: JasonC
They can influence this indirectly, though, and very strongly. (If the Fed set short rates at 20%, then...)Or, they could set reserve requirements at 20%...
6 posted on
12/18/2007 8:10:05 PM PST by
Toddsterpatriot
(What came first, the bad math or the goldbuggery?)
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