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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (713008)	11/14/2005 12:32:34 PM
From: rrm_bcnu	Read Replies (1) \| Respond to of 769667

You really don't get it... It is treasury that prints the money... Not the Fed. The fed just trys to control inflation/deflation. Who ever told you that a non-federal agency (the federal reserve is a private corporation) could control the money supply? Was it Greenspan that was printing all the M3 liquidity over the past 4 years?? Give us all a break and go back under your rock.

To: DuckTapeSunroof who wrote (713008)	11/14/2005 3:25:24 PM
From: Peter Dierks	Read Replies (2) \| Respond to of 769667

"the Fed controls the money supply." Are you new to the planet? Been on a long Safari or something? Under Volker the money supply was tightly controlled. Greenspan prefers fiscal policy* to monetary policy. It appears that Bernake prefers fiscal policy as well. Volker used fiscal policy and Greenspan used monetary policy, but neither were the favored tool of the respective Chairmen. Fiscal Policy - controlling interest rates. *Monetary Policy - controlling money supply. For example the Fed adds liquidity by selling bonds.