Inflation Strategies

Here is a Statement which stands as ridiculous. Opposition to one Trade agreement can only be construed as an increase in Isolationist pressures by a political hack, and committed to the propagandist ideation of the Double Lie. This is where a Position is named as a more adverse Position, then Supporters of the initial Position as slandered as the worst of the Supporters of the adverse Position. It has become a common trick since the advent of Dick Cheney into American Politics, and here I expect most of you would have thought it to be Karl Rowe. This chicanery has been going on longer than George W. Bush, and perhaps as far back as the Burr/Hamilton duel.

I think this might be sloppy Economics, something quite unusual for Mark Perry. Much of the M2 growth in the last decades has not been growth of Money, but growth of Consumer Credit. The huge advances in this area has substituted for M2 growth, and has added a further inflationary pressure in the form of high Interest rates seemingly independent of Fed monetary policy to great degree. Any Money-making system must be considered within the formulation of M2, even on a prorated basis.

People fearful about Inflation should read this Post, plus its varied links. The chief Problem with Fed Monetary policy consists of the fact that the policy measures drains Household resources prior to initial reaction, so that the Fed’s attempt to promote business has to deal with an already-stripped Household budget system. Conservatives and Business personnel must realize that We cannot await Bottom Line shortages to liquify Markets. I personally believe that Monetary policy itself should be discarded by the Fed, the fed funds rate set at 4.2%, all other Interest rates pinned off the fed fund rate, and that the Fed should concentrate on maintenance of proper Reserves in every part of the financial world; whether it consist of Banks, Credit Card companies, Fannie and Freddie, or the major financial brokerage houses. lgl