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To: Haim R. Branisteanu who wrote (55039)1/6/2001 7:33:48 PM
From: Don Lloyd  Read Replies (2) | Respond to of 436258
 
Haim -

...The FED lost sight of the velocity the economy is moving and they should meet every 3 weeks not 6 and release critical statistics twice a month not monthly we live in different times - things are happening faster and humans are struggling to adapt to it. ...

On the contrary, the FED should be abolished, but can be allowed a single going-out-of-business party. Government statistics, besides being erroneous in both theory and practice, should be abolished for the simple reason that they tend to encourage bureaucrats and politicians to think that they can and should attempt to control the economy.

Regards, Don