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Thanks. I knew this was wrong as soon as it left my keyboard. I guess the problem we're having is that the Fed's mandate is to keep unemployment low, not to ex
by euroclydon 15y ago
Thanks. I knew this was wrong as soon as it left my keyboard.
I guess the problem we're having is that the Fed's mandate is to keep unemployment low, not to expand the currency as the population expands.
I really don't understand how a currency supply is supposed to track growth, when one of the means of controlling currency expansion, the discount rate, can actually stimulate growth sometimes, right?