Re: gas

[Yoshie Furuhashi]

David writes:

>Mark Jones wrote:
>
>----------------
>You may have captured the MO but what about the motive? Is the Fed like a
>Chinese emperor or a keynesian economist, sitting in a high place divorced
>from reality and making decisions about money supply without any material
>motivation or reason? Why did the Fed inflate money supply in the 1970s?
>---------------
>
>Why does any government inflate the money supply?  Debasing the currency is
>a favorite hobby for governments going back to the Romans and beyond.

That doesn't explain the timing of the decision.

Yoshie