Quote:
Originally posted by Colin@Nov 27 2004, 11:27 PM
Point of clarification. Bush does not control interest rates. The Fed Reserve does and it is independent - not under the president's control. It was designed to be that way by the Federal Reserve Act of 1913.
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I was waiting for someone to point that out. When it comes to the economy and the free flow of monies or capital, the governing bodies are all independant, and the system in which they act is self governing, a great example would be the world wide money markets, especially the dollar and the euro. a system does what it has to to reach equilibrium on its own. it is only when there is outside int3erference that things go bad.
so ergo, you can influence the economy, but cannot control the economy. my trying to control aflowing economy, you run the riwsk of upsetting the balance.
Sort of a super modified Heisenberg Uncertainty principle for Macroeconomics
