Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (50193)	3/20/2001 1:46:10 PM
From: stockman_scott	Read Replies (1) \| Respond to of 77398

<<Hell, maybe we need to write a program that makes rate decisions based on more up to date data than Greenspan gets and then eliminate his job.>> mindmeld: Great post...I think a lot of folks feel that Greenspan may be out of touch...It might be neat if we could abolish the FED or put it on autopilot...=) Best Regards, Scott

To: RetiredNow who wrote (50193)	3/21/2001 10:46:59 AM
From: willcousa	Read Replies (1) \| Respond to of 77398

Or we could try as Milton Friedman has suggested and let the market set rates. We do that with currency values and the balance of payments and things work just fine. (I have not missed the fact that governments do try and manipulate currency values - but over time (usually a very small amount of time) the market prevails. That is why a chronic payments imbalance on our part has not mattered - it has been corrected in our currency values.