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Pastimes : FED TALK
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To: taxikid who wrote (3)3/24/2000 10:35:00 AM
From: Jeff Jordan  Read Replies (1) of 94
 
I'm not going to turn this into an argumentive thread. You've made your points of arguments that concern you. I suggest you continue to drive the taxi.

I don't like this tax increase on my credit cards...margin accounts,( I personally don't use margin) or even mortgage rates...and they're going higher!

Real Estate does appreciate...and IF, inflation does eventually return RE usually goes higher.

Kids today have a better job market available to them and much higher salaries offered to them. They are so much better off. The national debt is being reduced.

Hyper inflation? what world are you living in? The only thing that is inflating is oil prices and interest rates! And these are both being manipulated.

Your arguments won't win any debates here.

My point is, the FED policy is out of control,by wrongly targeting the stock markets. The concept that the wealth effect is a villain is absurd, people will quit spending when it suits them....most people I know are investing their hard earned money in savings,stocks,real estate. So, we spend some. We don't want higher taxation through higher rates. It's been long held money makes money. I have great respect for Mr. Greenspan, I've been overjoyed with his abilities and policies up til now.

I'll accept your response as a vote for higher interest rates. What happens when we get moderate inflation? Do we keep raising the rates? This isn't the 70's my friend.

I'm not the only person that feels this policy is inappropriate. I hear similar concerns voiced by economists everyday.
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