To: cpdiii
I would not mind paying 25% more for my agriculture products, etc. if it would bring the immigration problem under control. Ok but would you want to see interest rates go up as a result of inflation which would kill the stock market, kill the housing market and possibly cause another banking crises as a result ?
99 posted on
12/08/2006 11:10:48 AM PST by
staytrue
To: staytrue
Ok but would you want to see interest rates go up as a result of inflation which would kill the stock market, kill the housing market and possibly cause another banking crises as a result? Interest rates are a function of money supply which is controlled by the feds. The recent record low interest rates have nothing to do the illegal immigration. It was a function of the Feds loose money supply to get us out of a recession. The up tick in interest rates for the last 18 months is the result of the Fed tightening the money supply.
109 posted on
12/08/2006 2:38:20 PM PST by
cpdiii
(Oil Field Trash and proud of it, Geologist, Pilot, Pharmacist, Iconoclast)
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