MM>  That has been the Fed's history -- and it has worked ...
 MM>  sorta ... so why change??  I wonder if those Wall Street
 MM>  Protestors will have any influence on the Fed's profligate
 MM>  ways?  Somehow, I doubt it, but who knows?

 The Fed's history for the last 30 or 40 years has been holding
 down wages by increasing interest rates everytime the economy
 gets going good. That's why the 1970s saw the peak in hourly
 wages, and they have been below that peak ever since.

 The Fed keeps some people unemployed and poor to keep the rest
 from getting the wages they could get in a stable prosperity.

 MM> we could do small things such as pay by paper check not
 MM> debit card. Force banks to spend extra time on paper checks
 MM> since they charge more fees on debit card use.

 Now that idea is worth looking at.



BOB KLAHN bob.klahn{at}sev.org   http://home.toltbbs.com/bobklahn

... All the ills of democracy can be cured by more democracy.
--- Via Silver Xpress V4.5/P [Reg]