> Government handles the fiscal policy, federal reserve handles monetary policy. This is entirely semantics. > And once you agree that this kind of adjustment

> Government handles the fiscal policy, federal reserve handles monetary policy. This is entirely semantics. > And once you agree that this kind of adjustment achieves your objective of "relatively" stable currency I can prove to you that it doesn't result in a stable currency. See the purchasing power of the US dollar over the last 100 years. > This is called managing the money supply That's what you call it. I call it theft. If an individual does not have the power to create money, then neither should a group of individuals, regardless of what color robes they're wearing. > Otherwise you face D vs. R every 4-8 years totally reversing monetary policy I don't think there's any risk there. They're the same party, both are spend-spend-spend.