I do know how to spell, we are on the internets, so don’t spew your 1337 talk to me cause I don’t care.
Yeah, let’s all vote Ron Paul because of this thread :rolleyes:
I took economics micro and macro and public accounting in college, things haven’t changed that much since 01 when I graduated. The monetary policy isn’t what is messing up the economy. We are practicing both expansionary policy and a contractionary policy! As you pointed out, we are printing more dollars. We are slightly raising interest rates which have been climbing over the last several years (but we have to do this very carefully because too many banks farked up and there are a lot of foreclosures). Currently we are under stagflation (stagnation and inflation both). So, this is a bit more difficult and different then your average econ class. We are essentially waiting to see what the economy is doing. The fed was so worried about the stock market they were really conservative and the mortgage fiasco is making banks raise interest rates so the economy is stagnant. All in all you made 0 points about anything, you just blurted out something you read in economics class last week junior.