Posted on 03/30/2023 7:16:24 AM PDT by Kaiser8408a
Turnaround Jay!
Fed Funds Futures are pointing to one more rate hike at the May FOMC meeting, then a turnaround with The Fed cutting its target rate.
Too bad the Taylor Rule is calling for a target rate of 10.29%.
Like the film, “He Never Died”, The Fed never died. And neither did quantitative easing.
(Excerpt) Read more at confoundedinterest.net ...
From: https://www.youtube.com/watch?v=B_nGEj8wIP0
Recorded at University of San Diego & San Diego Chamber of Commerce ©1978
27:16 min mark
"In the United States, we have also had, and in most countries, a third less important factor that has contributed to excessive increases in the quantity of money, and that has been mistaken policies by the central bank."
"Professor Siegan referred to the mistake of the Federal Reserve Bank inthe late '20s and early '30s. From 1929 to 1933 the quantity of money in the United States went down by a third, and that was a major factor that produced the catastrophe. That was the great mistake of the Federal Reserve. It learned from that mistake. Government agencies, like people, don't always make the same mistake the next time; they make a different one. And since that period, the central banks have tended to make the mistake in the opposite direction. Their mistake has almost always been caused by confusing their function, by thinking that they had something to do with interest rates instead of recognizing that their real function was to control the quantity of money."
For my birthday I got a humidifier and a de-humidifier... I put them in the same room and let them fight it out. - Steven Wright
That’s the Fed, raise interest rates to reduce inflation and print money to increase inflation. Eff’n Morons.
“Biden’s economy is swirling around the toilet.”
But there’s cleverness.
To fund all of his stuff, why raise taxes? Just print the money, which causes inflation, which is the equivalent of a tax on all of us.
Well, that’s exactly it. The Fed needs to be shrinking the money supply instead of screwing around with interest rates, but too many well-connected insiders and politicians love the limitless expansion.
Swirling. Yes and us with it.
Aren’t 1965 dimes 4% silver?
40% not 4%.
They have been shrinking M2 if you look. That is one reason why the rate of inflation has been increasing at a smaller rate. Now cut gov spending and we will be going in the right direction.
1946 thru 1964, 90% silver. 1965 onward, 0%.
Lots of dimes prior to 1946 were 100% (but perhaps not all, so beware).
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