Wednesday, December 13, 2006

Just Leave the Money Alone


Is the Fed going to lower rates, or keep them the same? How many people are watching this and what wealth depends on the tiny increments of movement that depend on Fed policy? The answer in both cases is alot.

This is a crying shame. All of these society's resources focused on the movement of central bankers. Just imagine if the Fed would just keep the rates and the money supply the same? Then resources would be freed up to do productive things. We wouldnt have the ups and downs and winners and losers due to the Fed tinkering with money. Oh well, that just a wish. There are too many interests (Monopoly Capital anyone?) at stake to allow laissez-faire and a sound monetary policy.