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Old 11-14-2007, 09:31 PM
Borodog Borodog is offline
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Default Re: The Economy, Lounge Style

[ QUOTE ]
So my suggestion is to topics very specific/ centered around micro economic topics, not "the purpose of the fed".
Good question: Why did milk prices in my store go up?
Bad questions: Why do prices rise over time? What causes exchange rates to fluctuate?

[/ QUOTE ]

Katy asked specifically about the economy, not micro-economic concepts like rent controls, although I would be perfectly happy talking about that sort of thing, too. Fascinating stuff.

But I don't think anyone can hope to have any sort of coherent understanding of "the economy" if they don't understand the purpose of the Fed, and I think, "Why do prices rise over time?" and "What causes exchange rates to fluctuate?" are perfectly good questions.

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