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Non-Tech : Money Supply & The Federal Reserve -- Ignore unavailable to you. Want to Upgrade?

To: Cush who wrote (136)	8/12/2002 11:27:48 AM
From: GraceZ	Read Replies (2) \| Respond to of 1379

Hopefully, you will be able to share some of the insights you feel you've acquired from him. If you follow my record of public posts you will find quite a bit of information posted on the workings of the Fed in regards to the money supply. But why take it from me when you can get it from a far better source? As for your intolerance of abusing or demeaning others I suppose you exclude yourself when you referred to him as a "pompous buffoon"? Besides I thought it was open season on calling the press fools (his reference to the NYT article as 'dime store' was pretty much spot on) as they have so frequently proved themselves to be. If you want to understand the essence of what there is to know about the Fed, you have to understand this paragraph: It does, but not in the way you think. The FED represents their interests by not giving them what they want. Nonetheless, the system has a flaw. It won't let the free market determine the price of money. Because of this the natural swings in economy are amplified with the result of sturm und drang in every era. The very reason the FED interferes is to prevent that extra amplitude, but in their pretense to knowledge they bring about the exact thing they seek to prevent. The bringing about of the exact opposite of intent is common among all liberal initiatives. While the conspiracy theorists spin their stories and myths, while proposing what they see as underhand and devious motives behind what the Fed does they overlook the one truly tragic thing about the human desire to "fix" what they see as broken. It is the best of intentions and the desire to do good that the worst evils come about. Its essential to understand this if you are going to understand how we got in the fix we're in. They seek to do what cannot be done and in doing it they bring about the very thing they seek to avoid. To assign devious motives simply distracts one from this essential truth.