SnowDog, > > > What would you do to boost the economy? > > > > Me? I wouldn't do anything to boost it. It should be left entirely > > on it's own.
This is a perfect response to the question! > Unfortunately, with a debt-backed currency, (unlike an asset-backed > currency, like gold), it's not possible to float the interest rate, as > all interest rates are derived from the rate the central bank issues. This is not strictly true. You are mixing two different issues. A debt backed currency and government monopolized, fiat legal tender are two entirely different things. For an analysis of how floating interest rates would work in a non-fiat debt-backed currency see Hayek's book "The Denationalization of Money". Your comments apply to fiat money not debt backed currency. Nevertheless, the answer given you was correct. Leaving the economy alone is best. However, this entails abolishing fiat money since the very existence of fiat money is a massive economic intervention by the state. The only policy to recommend to the Federal Reserve is for it to abolish itself. Best, CCS --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-metal is a wonderful holiday gift? Avoid the hassle this year!
