“Curb the FED? Congress can UNDO the FED. Congress GAVE the FED THEIR POWER TO COIN MONEY.”
Jeez, calm down the caps, would you? I’m all for abolishing the Fed. My point was that you were wrong to impute fiscal power to the Fed, when it happens to be one big area in which the non-Fed government could control Fed policy, if it so chose.
About the caps.
I used to be in graphic arts. The idea of caps = shouting is aneathma to me. I use type to make a point, not shout. Who ever came up with that silly idea has set back to the stone age the abilitiy to use type to make a point.
So, I was NOT shouting at you. I some times like to use caps to emphasize what I am saying, bothering with hmtl takes too long on a busy posing day.
One could argue that, however, to pretend that monetary policy does not effect fiscal policy is a bit much.