Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: dollarbull
The securities given in exchange for new dollars had the same price as those dollars at the moment of the trade. You are free to go sell short all the securities you think are worth less than their prevailing market prices. You can't be injured in the matter, at all.

Or do you pretend that no one else shall have the right to trade in any good you possess in any quantity, without a prior "by your leave" from you, since it might change the value of something you own? You realize of course that as soon as you generalize that right to the rest of us, no one will have a right to trade anything at any price i.e. economic liberty will have disappeared.

The Fed is not obligated to differ from the market and place a higher value on dollars than the rest of the world does. And since they are its own debts, it would be remarkably silly to expect it to. Every other isssuer does the reverse, or they'd never issue anything.

145 posted on 03/13/2008 9:19:26 AM PDT by JasonC
[ Post Reply | Private Reply | To 138 | View Replies ]


To: JasonC

Do you have a point? Be succinct.


148 posted on 03/13/2008 9:32:27 AM PDT by dollarbull
[ Post Reply | Private Reply | To 145 | View Replies ]

To: JasonC
The Fed is not obligated to differ from the market and place a higher value on dollars than the rest of the world does. And since they are its own debts, it would be remarkably silly to expect it to.

In English man. In English. Please.

159 posted on 03/13/2008 9:49:15 AM PDT by AndyJackson
[ Post Reply | Private Reply | To 145 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson