TK-8252 Posted June 18, 2008 Share Posted June 18, 2008 By not having hard currency, the Federal Reserve is able to control the buying power of the dollar and keep prices stable, allowing for better predictability for future investments and comparative returns. Yes this means that inflation is something must be dealt with but that is because we have the ability to control it. The buck stops here so to speak. This is done by raising interest rates to encourage or discourage new credit, selling of government bonds, and even giving out stimulus checks (aka printing of new money). They've done a hell of a job. Link to comment Share on other sites More sharing options...
tk102 Posted June 18, 2008 Share Posted June 18, 2008 Thanks for your time MdKnghtR. I guess for further stimulating conversation on these topics, I'll look outside this thread. Link to comment Share on other sites More sharing options...
MdKnightR Posted June 19, 2008 Author Share Posted June 19, 2008 Thanks for your time MdKnghtR. I guess for further stimulating conversation on these topics, I'll look outside this thread. I don't know whether or not I should feel insulted by that statement. Link to comment Share on other sites More sharing options...
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