Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: Kaiser8408a
Biden/Democrats spend like insane people, The Fed has to raise rates to prevent disastrous impacts,

According to Dr. Milton Friedman the FED's job is to control money supply, not tinker with interest rates.

9 posted on 07/14/2023 7:47:23 AM PDT by frogjerk (More people have died trusting the government than not trusting the government.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: frogjerk

The Fed loved to help Br0nc0 and hurt Trump.


11 posted on 07/14/2023 7:54:59 AM PDT by Paladin2
[ Post Reply | Private Reply | To 9 | View Replies ]

To: frogjerk

“According to Dr. Milton Friedman the FED’s job is to control money supply, not tinker with interest rates.”

The “Reserve” part of its name indicates the proper function of the Federal Reserve.

The Federal Reserve might be limited to lending money (at say an interest rate of 1.5 times the last 12 months inflation rate) to the federal government, state governments and federally insured banks. The Federal Reserve money would because of its high rate of interest merely function as a reserve.


13 posted on 07/14/2023 8:20:52 AM PDT by Brian Griffin (ARTICLE I SECTION 2....The President...may require the opinion, in writing)
[ Post Reply | Private Reply | To 9 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson