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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: redfrecknj who wrote (86573)	9/19/2007 1:23:38 PM
From: stockfiend	Respond to of 110194

The fundamental problem is that the Federal Reserve and the U.S. government sees fit to use the value of money as a hammer to force reinvestment (and prevent hoarding), whereas most reasonable people believe that the purpose of money is to be a store and exchange of value. The distinction between fiscal and monetary policy is about as clear as mud.

To: redfrecknj who wrote (86573)	9/19/2007 5:30:30 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 110194

I've got his "benevolent hand" right here! ....................../´¯/) ....................,/¯../ .................../..../ ............./´¯/'...'/´¯¯`·¸ ........../'/.../..../......./¨¯.. .........\.................'...../ ..........''...\.......... _.·´ ............\..............( ..............\.............\ Stewart: So we’re not a free market then. Greenspan: No. No. Stewart: There’s a visible – there’s a benevolent hand that touches us. Greenspan: Absolutely. You’re quite correct. To the extent that there is a central bank governing the amount of money in the system, that is not a free market. Most people call it regulation.