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That wasn't my point. It's easier for small economy to grow at a higher rate. i know and i basically agree...my point is that the Fed has not demonstrably pro
by quasimojo 18y ago
That wasn't my point. It's easier for small economy to grow at a higher rate.
i know and i basically agree...my point is that the Fed has not demonstrably proven to grow the economy, manage the currency, or control inflation better than other forces. while we have not lost our currency like the old bank notes, the dollar has lost 99% of its value. relative to pre-1913, the dollar is indeed worthless
The answer to my trivia question, BTW, is J.P. Morgan
he bankrolled the government for, what,. thirteen days, he did not print currency. indeed that event goes back to your "small numbers" arg. he could bankroll the govt because it was small. bill gates could not fund our govt for thirteen days today.