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Jay's avatar

I'm going to channel my inner Ron Paul here but the Fed shouldn't be controlling interest rates in the first place. Leave it to the free market.

Money is a commodity and interest rates are the same as any other commodity price. They contain information about the relative scarcity of resources.

Of course the Fed is politicized. What did anyone expect would happen when the free market was replaced with letting powerful people direct the flow of trillions of dollars?

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Tom Elia's avatar

About your last paragraph: where it concerns the ‘Durham Annex,’ I will say two things:

1) Chicago Democrat Barack Obama; and,

2) Cook County Democrat Hillary Clinton.

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