Bryn Mawr,

I am going to yield to you.

I'm afraid that I am cluttering up this thread by arguing with you.

Your replies were interesting and you made some good points.

And yes, I tend to be simplistic.

Rkd24

<t>Bryn Mawr;1273522 wrote: Again, a very simplistic view of the world. The Fed have very limited tools to affect the economy and very little direct control over it. The control the base lending rate but they do not control the bank rates. In exceptional circumstances (such as now) they have the abi...

<t>Bryn Mawr;1272987 wrote: That's a very simplistic view of the world.<br/> <br/> Firstly, inflation is not solely caused by the creation of excess money by the Fed - if it were so life would be so much easier - and is not totally under their control. Indeed, their biggest fear is not high inflatio...

<t>Do you rely on fixed income for retirement and are hurt by rising prices? Tell your congressional representatives. Inflation is caused by the creation of excess money by the Federal Reserve Bank. Since the Federal Reserve receives its mandates from Congress, Congress can stop inflation.<br/> <br/...