In Volker's day, raising rates and reigning-in credit was how inflationary pressures were brought into check.
Now it's always "pedal-to-the-metal" with the money-pump. What about inflation? Just LIE about it.
Fed's Former Job... Take Away The Punch Bowl
Started by
HoseB
, Oct 31 2007 08:48 AM
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#1
HoseB
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Posted 31 October 2007 - 08:48 AM
40,000 headmen couldn't make me change my mind....
