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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (36389)7/27/2005 2:08:18 PM
From: Mike JohnstonRead Replies (1) | Respond to of 306849
 
I firmly believe that the Fed has no business using interest rate targeting, that interest rates should be totally determined by the free market for money

Free market interest rates and no creation of money in excess of savings ?
Sounds good to me.
Your house would still sell for the same amount of money you paid for it in the 70's.
Could you live with that ?



To: GraceZ who wrote (36389)7/28/2005 2:22:12 AM
From: mishedloRead Replies (1) | Respond to of 306849
 
I'll say it one more time in case you missed it, no monetary authority can possible know what the interest rate SHOULD be or what the size of the money supply SHOULD be.

Can anyone here disagree with that?
I don't.
Abolish the FED and let the market set the rates.

Mish


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