05-28-2016, 07:39 AM
(05-28-2016, 07:04 AM)Mikebert Wrote: Then why did you imply interest rate policy was separate from money creation?
I don't think he did. He has to know that interest rates are a consequence of the Federal Reserve's Open Market Operations which buy up debt in order to hold down interest rates.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises