ideaminer Wrote:
Mar 10, 2013 8:11 PM
If this is a really stupid question, I hope you and the others posting here will be patient. You say, "If the government would stay out of the way and let market cycles operate under the influence of normal economic forces....", but what I keep wondering is do "normal economic forces" include an entity like the Fed, that can expand or contract the money supply seemingly at will, without considering other economic factors? Or, are you including the Fed as a quasi-governmental agency? I guess what I'm asking, is can we, in the short-run, restore normal economic forces without restorng sound money? And, if not, which do we do first, deal with the federal debt and unfunded mandate or restore sound money?