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Date:      Wed, 24 May 2000 18:08:39 -0700
From:      W Gerald Hicks <jhix@mindspring.com>
To:        chat@FreeBSD.ORG
Subject:   Re: The Ethics of Free Software
Message-ID:  <392C7D17.359FD8E7@mindspring.com>
References:  <200005242353.QAA08949@usr05.primenet.com>

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Terry Lambert wrote:
[snipped]
> I have never really understood the idea of the chairman of the
> U.S Federal Reserve bank raising interest rates "because the
> economy is running too hot".  There may be good reasons for
> artificially braking the economy from where it would go in an
> otherwise unregulated system, but I haven't ever seen any math
> to tell me why where it would go in an otherwise unregulated
> system, at least for the interest rate constraint, would be an
> undesirable place.
> 

You forgot about the chicken bones they toss around to help decide these
matters  :-)

For you conspiracy theorists out there, several reports are in that
GeeDubya wins big in November if the economy tanks.  It's well known
that Mr Greenspan is a staunch Republican.

IMHO, far too much power rests at the Federal Reserve Bank.

Cheers,

Jerry Hicks
jhix@mindspring.com


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