Quote Originally Posted by angry nomad
The problem is the Fed just makes money whenever they want.
You are totally correct.

However, this might not be a bad thing. If you have a government that is run by people that know what the fuck they are doing, it can actually be a good thing.

Given the recent incompetence and stupidity of the Bitch administration I completely understand your lack of trust in government doing this well. Luckily, we have ceded power to a group that can effectively act independently of politicians. (Whether or not this is actually constitutional is another matter entirely.)

Here is a hierarchy most economists would agree on:

Currency supply completely controlled by a bureaucracy of expert economists >>> an inflexible currency system (eg, the gold standard) >>>>>>>>>>>>>>>>>>>>>>>>>>> Currency supply completely controlled by a bunch of idiots

Only alchemists can make gold.
Word! I tell my classes the same thing! :rastasmoke: