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Politics : Ask Michael Burke
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To: BGR who wrote (71611)12/9/1999 9:43:00 AM
From: Skeeter Bug  Read Replies (1) of 132070
 
>>But, if the effects of increasing credit has no effects on consumer prices, why should the
Fed be involved? Isn't that outside its charter (which has two facets, ensuring growth of
economy and maintaining price stability - none of which are violated)?<<

consumers don't buy houses? consumers don't buy stocks? btw, would you rather the house you are going to buy go up 30% or eggs go up 30%?

why is housing and why are investments not included and properly weighted in inflation calculations?
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