Dollar to be Devalued 33% page 1
Jerome 9th February 2012, 05:51 AM http://www.forbes.com/sites/charleskadlec/2012/02/06/the-federal-reserves-explicit-goal-devalue-the-dollar-33/ The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% Interesting times. Adenosine 9th February 2012, 09:36 AM No kidding. Hey, you guys should get a manufacturing sector. That'd help. PermanentlyEphemeral 9th February 2012, 11:56 AM Back in the day when inflation was high, the Governor of the Bank of Canada wanted the goal to be zero inflation. I didn't think that was a good goal. You need some inflation so price ratios can change over time. The next Governor set policy as 2-3% inflation. Too bad Forbes pulled a JDG with the American story. Jerome 9th February 2012, 02:11 PM Inflation is a tax on workers past labors saved. ksen 9th February 2012, 03:20 PM Inflation is a tax on workers past labors saved. Inflation is go...