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I think it's because the Fed basically sets interest rates for all of the other banks. When they raise rates, it forces all the other banks to raise rates too; when they lower rates, all the other banks can lower their interest rates on loans too. The Fed's like the guy on the viking boat with the big drum; the banks are the rowers, and the
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People who think economics is a hard science, and that graphs and equations make theories more 'scientific.' (What makes em scientific is if they explain something which is actually happening and then make falsifiable predictions, of course ;) uh huh
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China is mercantilist... I guess the thinking is they have all the factories they need, so now they can use them to produce products for themselves instead of just for export?
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There was a lot of talk about reliance on yourself and your friends to care for loved ones as opposed to a higher authority Supposedly LaVey took Catholic charity when he was down on his luck later in life and died in a Catholic hospital...
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A great look at European Central Banking by one of the few remaining classical economists: http://www.informationclearinghouse.info/article25765.htm another link: http://www.kpfa.org/archive/id/61891