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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: edamo who wrote (16911)	11/16/2000 12:14:29 PM
From: LLCF	Read Replies (1) \| Respond to of 65232

I'm not going to argue the verbage, I'm telling you why congress created the Fed, and it's stated right there on a Fed website. Take from it what you will. <if the premise that the richmond fed stated is valid, then how did 1929 occur? the fed did not pre-empt the depression because it had no standing at that time to do so....> I didn't say it was valid, common we're getting off topic... besides, I thought you were arguing that the FED DOES create the recessions and therefore DOES "have standing"?? <the powers of the fed have been expanded political during the post war era. > So now "Pre-Fed" era extends to 1945? The paleolithic era is getting larger all the time... LOL I think we've both made our point, folks can take what they want from it IMO. DAK