09-25-2009, 10:33 AM
Hoofhurr Wrote:You'd really think there would be a way to mitigate the business cycle. I know some companies that are in susceptible cyclic businesses manage to do it. Why can't the economy as a whole be managed the same way?
That's basically what the fed attempts to do. The danger is in controlling it too tightly and stifling growth, innovation and hindering maximum employment.
"Hamilton is really a Colossus to the anti republican party. Without numbers he is an host within himself. They have got themselves into a defile where they might be finished but too much security on the republican part will give time to his talents and indefatigableness to extricate them. We have had only middling performances to oppose to him. In truth when he comes forward there is nobody but yourself who can meet him. His adversaries having begun the attack he has the advantage of answering them and remains unanswered himself. For God's sake take up your pen and give a fundamental reply to Curtius and Camillas" - Thomas Jefferson to James Madison