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

To: AdamSelene235
that's a good question you ask, I just assume that the fed can control money supply at will, but I guess their mechanisms aren't so powerful. and even if they do just print a bunch of money and distribute it, that is very problematic from a moral point of view, then they're just taking real wealth from one group and giving it to another. I must digest your newer post on this thread.
62 posted on 07/22/2002 6:35:00 PM PDT by Red Jones
[ Post Reply | Private Reply | To 57 | View Replies ]


To: Red Jones
that's a good question you ask, I just assume that the fed can control money supply at will,

Nope.

but I guess their mechanisms aren't so powerful. and even if they do just print a bunch of money and distribute it, that is very problematic from a moral point of view,then they're just taking real wealth from one group and giving it to another.

You made me squirt coffee out my nose. Even *if* they had a moral problem, which they don't, they lack the means. The entire point of debasing the currency is to screw the creditors in favor of debtors. Since the government is the largest debtor and controls the currency, the bias tends to be inflationary. After all, what fun is it being a Government Supremacist unless you get to squander the taxes of future generations in addition to the present generation. Eventually, the system runs out of gain, and negative feedback reigns.

Recently, they've discovered means of stealth, localized inflation, giving them access to a larger chunk of people's income streams.

64 posted on 07/22/2002 6:48:23 PM PDT by AdamSelene235
[ Post Reply | Private Reply | To 62 | 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