Posted on 02/27/2008 6:05:37 PM PST by SkyPilot
Yours are?
Can the fed chief be impeached? This guy's insane. The dollar is already so low that people are stealing copper out of air conditioners for the monetary value. Lowering rates will only serve to beat the dollar down further.
This will cure nothing!
Greenspan's mistake was keeping rates too low for too long after 9/11. The solution to that is NOT to lower rates to unprecidented lows again - the solution is to ride out the problem and let the chips fall quickly.
We can blame the media for a multitude of minsunderstood terms, but in this instance why not spread the blame to the schools, the Wall Street financial gurus and the politicians, left and right?
Seldom do you find any of the above opinion-molders doing more than repeating the modern usage you so eloquently stated and which is then echoed throughout the country.
Both a devalued dollar and higher prices in general are properly viewed as results of inflation, not causes.
Until such time as Americans begin to understand that inflation is a monetary phenomonon with political overtones and not the product of greedy bankers, oil shieks and payday loan sharks, we will continue getting hit with it every so often.
What good would it do?
Both a devalued dollar and higher prices in general are properly viewed as results of inflation, not causes.
Absolutely.
inflation is a monetary phenomonon
Correct!
It was funny to hear the claim that a gold standard would mean stable prices.
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