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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (77900)3/15/2000 11:24:00 AM
From: BGR  Respond to of 132070
 
All markets have regulatory bodies, SB. The Fed just sets the target for inter-bank loans. I am not just proposing that we replace the Fed with Tice-n-Mike. I am suggesting that all loans, even when a third grader recklessly lends a quarter to the next kid in class thus adding to the money supply, be moderated by them.



To: Skeeter Bug who wrote (77900)3/15/2000 11:35:00 AM
From: Mike M2  Read Replies (1) | Respond to of 132070
 
Skeeter, BGR does not understand how the Fed prevents market forces from setting interest rates. mike


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