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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (53404)	3/25/1999 12:47:00 PM
From: valueminded	Read Replies (2) \| Respond to of 132070

William The resulting contraction would suggest that the FED would have lost control of the very item it was created to control to begin with. At that point, they will be powerless to expand credit because it will already be overextended. The attempt to print money will cause inflationary tends and an exodus from the dollar. It would seem that their reluctance to control the reserves is causing the exact problem they are trying to avoid. (boom / bust) Now did you look at my second question in the original note ? thanks