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Politics : President Barack Obama
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To: RetiredNow who wrote (112099)4/4/2012 3:36:40 AM
From: Road Walker  Read Replies (2) of 149317
 
That much is true. It's a great reshuffling of cards. The low interest rates are causing this action. But there are other costs. It's a purposeful re-allocation of capital from one part of the economy to another. I would much prefer to see the free markets do the clearing, not the Fed. It is arrogant to think a handful of people can make better decisions than millions acting in concert to reach economic equilibrium.

Currency, interest rates, the whole economy is a human construct that has always been and always will be manipulated. There are no God given rules, it's all political. Low interest rates lift almost all boats.

There will come a time when we'll all bemoan high interest rates, and hate the Fed for a different reason.
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