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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Scumbria who wrote (115152)	6/9/2000 1:30:00 PM
From: tejek	Read Replies (1) \| Respond to of 1578034

I believe that the Fed has no business micromanaging the world economy. There are technological forces at work these days, which are far beyond the grasp of the academic economic models Greenspan is playing with. He doesn't know what he is doing. Scumbria, I know, I know...I was only joking...I should have put a <g> next to my post. We will have AG taken out so that he is no longer a source of irritation to this thread. ted

To: Scumbria who wrote (115152)	6/9/2000 4:24:00 PM
From: TGPTNDR	Respond to of 1578034

Scumbria, RE: <There are technological forces...Greenspan is playing with. .> I doubt he understands what he is playing with half the time. ;<). tgptndr

To: Scumbria who wrote (115152)	6/9/2000 7:22:00 PM
From: Dan3	Read Replies (1) \| Respond to of 1578034

Re: the Fed has no business micromanaging the world economy... Hi Scumbria, The supply of Gold is too uneven to use for money. So we have to create an artificial abstract for it. The FED does that. Without the FED, there is no money at all (as we currently know it), so they have to provide for some being created. If the FED just gives as much money to everyone as they all want, the money becomes worthless. So the FED must select some middle ground. They have to be in the "how much money should there be" business. There is no choice. Regards, Dan