To: GovernmentIsTheProblem
No. You can keep the money supply within certain bounds.
To: Brilliant
“No. You can keep the money supply within certain bounds.”
It’s out of control - deficit spending and borrowing.
T-Bills create money out of thin air.
Artificially low interest rates create money out of thin air.
Why do you think the dollar is sinking?
33 posted on
01/22/2008 10:31:35 AM PST by
GovernmentIsTheProblem
(We are not to expect to be translated from despotism to liberty in a featherbed. - Thomas Jefferson)
To: Brilliant
That’s exactly what Paul Volcker did. It was a successful policy.
34 posted on
01/22/2008 10:31:53 AM PST by
oblomov
To: Brilliant
No. You can keep the money supply within certain bounds. If you miss the bounds, then it is inflation and you are causing the boom-bust cycle.
And men cannot know what the money supply should be on the market.
103 posted on
01/23/2008 10:18:03 PM PST by
fortheDeclaration
(The power under the Constitution will always be in the people- George Washington)
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