bump
Real lasting reform would remove political whim from monetary adjustments and tie it to real economic measurements.
Small loses can be absorbed and Small gains can are better than nothing.
If our Treasury rates and volume were tied to GDP, the economy could regulate our monetary system. It would automatically shift to balance between monetary inflation and product inflation.
Taking the monetary reigns from politically connected cronies, will force them to respond to the economy instead of the economy responding to them. Everytime the economy starts to run they stick a leg out and trip it. We all have to recover from their action. Nobody should have that much control over (us) the economy.
And another important point to emphasize is the false image of our economy as a huge market place of monetary activity. A more accurate image is a picture of American citizens. Because we are the economy. The market falls and rises with with our ability to pay.