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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GraceZ who wrote (56175)3/18/2006 2:19:22 PM
From: Elroy Jetson  Read Replies (1) of 110194
 
So your rules based system will mail out postcards to all lenders begging them to follow the monetary targets suggested by the Big Brother computer.

Your proposed system sounds very Soviet. No doubt you'll issue a five year plan to follow.

No, no, you protest. You won't use postcards, your "rule based system" will use repurchase agreements to control the total amount of money.

I see. You intend to replace the Federal Reserve with the same Federal Reserve with beefed up police powers. But, and here's the really wacky part, you propose to replace the Board of Governors with a computer controlled Milton Friedman hologram - like some bad Star Trek episode.

Society will be controlled by "the will of Landrew", a computer system programmed hundreds of years ago. Each day at noon, hundreds are executed for violating Landrew's "money supply guidelines". Advice is sought by the priests of Landrew whose requests activate new calculations -- as society disintegrates further.

You and Milton Friedman must be on a really bad trip! Its amazing that this insane scheme sounds plausible to you. May Landrew forgive you.

You still haven't explained why your Science-Fiction Federal-Reserve is necessary. Why not just leave the money supply alone?

Are you really soooo suspicious of the free market system that you're willing to propose some Frankenstein computer network with broad regulatory powers to keep humans firmly under your control? That sounds like mental illness to me.
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