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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Ilaine who wrote (99908)5/5/2001 2:35:19 PM
From: Don Lloyd  Read Replies (1) of 436258
 
CB -

...the creation of money is being controlled, not by the Fed, but the free market....

This would imply that an unhampered free market is making corrective adjustments for fluctuations as they occur. This free market does not exist. More likely, the creation of money has spiraled out of any control.

Regards, Don
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