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Here's a story I just wrote to help explain what the Fed's doing to wreck our economy. Please let me know if it helps. Normal 0 false false false MicrosoftInternetExplorer4 The Three Little Pigs and the Federal Reserve Crisis In their later years, they bought a yacht and sailed the seven seas...
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I was having an arguement with this person saying that people have a misconception about inflation because they think that inflation will rob him of his purchasing power of his hard earned money. So that when the prices rises, your dollar will buy fewer goods so it might seem that it lowers living standards...
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i am unsure as to what you mean...the rate cut was a mere 10 days ago...much too early to state it's effects, much less to state it has worked in the OPPOSITE direction!!!?!! it is not an exact science, but to say monetary policy has NEVER worked is a bit naive.... minimal government intervention...