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To: Moonman62

If I were a member of the FOMC, I would raise interest rates up to 20-25%. I think saving the US dollar is more important than "employment".


15 posted on 05/10/2006 12:53:08 PM PDT by economist-student
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To: economist-student
If I were a member of the FOMC, I would raise interest rates up to 20-25%. I think saving the US dollar is more important than "employment".

That's what Volcker did, but the other way to save the dollar is to let the economy grow and restrain government growth.

25 posted on 05/10/2006 2:28:34 PM PDT by Moonman62 (Federal creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it)
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