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
No replies to this topic
#1
Posted 31 October 2007 - 08:48 AM
40,000 headmen couldn't make me change my mind....