watermock
09-22-2004, 02:09 AM
Why does the Fed raise interest rates when raising interest rates creates inflation?
You don't control inflation by raising interest rates. That is only effective up to the 15 percent rate.
The there is no reason to raise the rate. None. I was educated at Bechtell Economics at Denver Univeristy and literally got into a spitting match about this Idiot's laffer curve.
I'm not going to go into economic arguments between a punk and an old man, but to me, raising interest rates only feeds inflation. The Idea that you have to raise interest rates to control inflation is the stupidest thing ever devised.
You think Mock is some drunk idiot, thats fine. I was educated in the Seminary and Economics School of Denver Univerisity, and took Philosophy as well as Debate.
Hey, I blew chunks at them but that isn't the point. It was alot of old school.
I was showing this enginering dimwint amphourous conductor solar and maglev before he even knew about bullet trains.
I gave him formulas to separate chemicals thru focused solar waves.
Mock talked about all this stuff and wrote papers. Now I am going to pet Beezlebub.
You don't control inflation by raising interest rates. That is only effective up to the 15 percent rate.
The there is no reason to raise the rate. None. I was educated at Bechtell Economics at Denver Univeristy and literally got into a spitting match about this Idiot's laffer curve.
I'm not going to go into economic arguments between a punk and an old man, but to me, raising interest rates only feeds inflation. The Idea that you have to raise interest rates to control inflation is the stupidest thing ever devised.
You think Mock is some drunk idiot, thats fine. I was educated in the Seminary and Economics School of Denver Univerisity, and took Philosophy as well as Debate.
Hey, I blew chunks at them but that isn't the point. It was alot of old school.
I was showing this enginering dimwint amphourous conductor solar and maglev before he even knew about bullet trains.
I gave him formulas to separate chemicals thru focused solar waves.
Mock talked about all this stuff and wrote papers. Now I am going to pet Beezlebub.
