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Politics : Formerly About Advanced Micro Devices
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To: Scumbria who wrote (115152)6/9/2000 7:22:00 PM
From: Dan3  Read Replies (1) of 1578274
 
Re: the Fed has no business micromanaging the world economy...

Hi Scumbria,

The supply of Gold is too uneven to use for money. So we have to create an artificial abstract for it. The FED does that. Without the FED, there is no money at all (as we currently know it), so they have to provide for some being created. If the FED just gives as much money to everyone as they all want, the money becomes worthless. So the FED must select some middle ground. They have to be in the "how much money should there be" business. There is no choice.

Regards,

Dan
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