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JOSHUA DEACON
A Christian libertarian, who loves culture and the real potential impact it can have.
Articles Posted: 21; Links Seeded: 333
Member Since: 7/2006Last Seen: 11/10/2009
Member Since: 7/2006Last Seen: 11/10/2009
3 Votes
3 Comments
My Recommended Federal Reserve Policy
News Type: Other — Seeded on Wed May 30, 2007 9:11 AM EDT
Article Source: LewRockwell.comadvertisement
People ask me, "What should the Federal Reserve's monetary policy be?" The answer, theoretically and practically, is simple: paralysis.
Are prices rising? The FED should cease buying or selling assets, e.g., U.S. Treasury debt.
Are prices falling? The FED should stop buying or selling assets.
Are prices stable? The FED should cease buying or selling assets.
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