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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (88572)9/8/2007 10:59:12 PM
From: GraceZRead Replies (1) of 306849
 
I see you're still peddling your fairy tales that there is a "market rate" for money in a Monetarist economic regime

There could be if the Fed would stop setting the rate.

and claim that the Fed is lagging behind the "market rate".


And you still can't read. I didn't say the Fed was lagging behind the market rate, the guy I was responding to was saying that, dumbo.

I said the Fed can't know what the rate should be so whatever they do will be wrong. Only a free market would be able to set the rate at equilibrium. We don't have a free market for money as long as the Fed sets the rate. Those at the Fed believe in a free market for everything except money.

I've said this for as long as I've been posting on SI, you just can't read or you can't comprehend what you read beyond your BS assumptions.
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