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Originally Posted by Goldenboy219  A single government entity making the most important economic decisions is counter productive to a free trading society. You seem to favor it, it is what it is...  |
What would you propose to replace the Predisent with?
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We just have different beliefs. I believe it is up to the free market to dictate economic growth, employment, and prices. Again; it is what it is...
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What free market controls the worldwide supply of gold? Why would it be superior to have tha market in control of the US economy?
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Here is a very good indicator for this, foreclosure rates... Although i could be wrong, it just might have nothing to do with it |
When did foreclosure rates become the measure of economic performance?
You are just taking one part of the economy and pointing at that as the measure for the whole. Just like you look at the price of oil and point at that as the basis for inflation. Both are inaccurate because they are only small subsets of the whole picture.
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The key is, try not to be so biased.
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Yet another baseless assertion. I've seen no reason for bias by OR at all. What in your view is the source of his bias and bias towards what?
The only bias I see here is you, an admitted part of the Ron Paul election campaign, supporting his inane idea to eliminate the Fed and give Congress power over the money supply.
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As for a definition of inflation, ill just go by:
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If the money supply expands in proportion to economic activity and population growth, prices would not change.
How is that inflation?