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To: r9etb
"raising the interest rates" would not be any different, morally, from Bernanke lowering them

Surely you jest.

In 1980 Volcker saved the currency and the country by raising rates to 18%.

That was a moral act.


BUMP

65 posted on 09/21/2007 8:45:45 AM PDT by capitalist229 (ANDS)
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To: capitalist229
What you're saying, then, is essentially that there is nothing intrinsically moral or immoral about raising interest rates.

So Mr. Paul's whole line of questioning reduces to nothing more than a policy disagreement, and not the grand moral issue he's trying to make it out to be.

66 posted on 09/21/2007 8:47:53 AM PDT by r9etb
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