Re:Australia's Housing Frenzy
by WalterBright on Saturday November 25, 2017 @07:29PM
(#15778781)
Coin money and regulate its value, yes. Print money, no. The distinction is crucial, and the choice of words deliberate. There's a reason why the Fed is a pseudo-private institution, not just another government agency.
[ Parent
| on HN ]
I disagree. "Regulate it's value," is unambiguous in meaning.
Re:Australia's Housing Frenzy
by WalterBright on Saturday November 25, 2017 @10:28PM
(#15779288)
If you're right, why didn't the government print currency for 120 years, and why did they set up a pseudo-private organization to do it?