Bush appoints Bernake Chairmen of the Federal Reserve

[vulturesrow]

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The fed's main goal is to control inflation by means of monitary policy, so to say the new chairman would do that is nothing new.

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No offense meant, but you seem to be a little over your head here. Monetary policy can be effected in many different forms, a price rule being one particular way.

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By the way, back in his rebellious youth, Greenspan advocated for a return to the gold standard. You can find his missive online, just google it.

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Here it is. Anyone interested in monetary police should definitely read this.

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Why did you think Greenspan's predecessor sucked?


This does seem to be a good choice, although I wont be happy until the Federal Reserve is abolished [img]/images/graemlins/smile.gif[/img]

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I fenerally hate FYP's, but whateve.r

[tylerdurden]

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This does seem to be a good choice, although I wont be happy until we get a Chairman that advocate a return to the gold standard. [img]/images/graemlins/smile.gif[/img]

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Agreed. Or even better, a total free market in money.

[coffeecrazy1]

I don't really have anything to contribute, but I would like to salute the return of FishHooks, one of my most respected nemeses. [img]/images/graemlins/tongue.gif[/img]

[FishHooks]

lol oh it's not a return, but thanks for the gesture...just thought i would post on this subject. This political forum is still too radical for me, I read a couple topics once and a while but thats about it.

[lehighguy]

The fixed income analysts I've talked to think he is a solid choice. Markets are ok wiht him too.

[vulturesrow]

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The fixed income analysts I've talked to think he is a solid choice. Markets are ok wiht him too.

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Markets like him, wide acceptance by most economists, very solid background in monetary policy..all in all a pretty good choice