tag:blogger.com,1999:blog-8812932590639674751.post2415226758106672666..comments2023-08-08T11:51:04.288-04:00Comments on A Dollar a Day: Learning about the Federal ReserveUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8812932590639674751.post-51014268532888319862008-03-01T12:02:00.000-05:002008-03-01T12:02:00.000-05:00The Federal Reserve is lowering interest rates in ...The Federal Reserve is lowering interest rates in the face of rising inflation. All time high for gas, oil etc... and they are about to make it worse.<BR/><BR/>Cheap money by Greenspan caused the current housing crisis. I don't think you fight cheap money with cheap money. When the Federal Reserve prints more money by lowering interest rates, it devalues your savings.<BR/><BR/>Things of the US monetary system as a company. Each dollar is a share in that company. If they print more money it devalues your share or dollars. That is why oil and gold and food cost more.<BR/><BR/>As tough as it is, the Federal Reserve should be raising interest rates, not lowering them. Based on this, I will now need 9 million dollars to retire instead of 1 million. They are in essence rewarding spenders and punishing the savers.<BR/><BR/>So I have to disagree with your comment, I am not confident in the job the Federal Resere is doing...<BR/><BR/>But I do love your blog. Keep up the good work!Tomhttps://www.blogger.com/profile/09600876443323337792noreply@blogger.com