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Coherent thoughts on what is and is not "free market". I would disagree that the fed is really meant to prevent inflation. Many of their actions are specifica
by mchusma 15y ago
Coherent thoughts on what is and is not "free market". I would disagree that the fed is really meant to prevent inflation. Many of their actions are specifically designed to increase inflation. I also disagree that there is any reason to suspect that its better than a private money alternative, or backing to some kind of commodity based standard like gold. I would say most evidence is to the contrary (although this is generally a lengthy discussion).