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To: r9etb
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.

Lowering rates is a euphemism for printing mo' money, so it ultimately weakens the dollar.

Ron Paul is in favor of abolishing the Fed and letting interest rates react to the market. Whether he can actually do this is another matter. Maybe someone could comment.

80 posted on 09/21/2007 6:14:00 PM PDT by US at Risk
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To: US at Risk
Ron Paul is in favor of abolishing the Fed and letting interest rates react to the market. Whether he can actually do this is another matter. Maybe someone could comment.

Yeah, but the guy I respnded to said that, as president, Mr. Paul would do the moral thing and raise rates. Pretty ridiculous argument, if what you say is true.

81 posted on 09/21/2007 7:43:28 PM PDT by r9etb
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