The Rule of 72 - uh oh!

SteveC · Joined: 27 Apr 2005 Posts: 3

www.behappyandfree.com/pdf/TheInterestMechanism.pdf

I think Greenspan and the Federal Reserve have everything backward. Every time they adjust the interest rate they create a wave of panic that ripples through the economy. The panic creates more inflation. And the more Interest exists in more transactions (credit cards, etc), the more the geometric progression of compound interest compounds inflation, thus making everyone desperate (the Rat Race) as we chase perpetually moving numbers. One person's debt is another person's profit, but the profit can't keep up with inflation no matter how hard one plays the system. The harder people drive Interest/investing as a solution, the more inflation it creates.

I wrote a short pamphlet on this idea. (4 pages including the cover)
I am a business owner, a home-owner and was a history major in college. I came up with some changes at the state level (I don't think changing the Fed is likely anytime soon) and would be curious to see what others think of them. I think they are relatively minor changes to state law, but over time I think they would make a big difference.

Land and mortgages are still the biggest source of conflict in society, even though we all think food comes from the supermarket. Smile

I'd appreciate any comments. I am actually thinking about running for governor (a very looong shot since I am a nobody) and this would be my platform if I ran.

thanks, Steve

The Mortgage-Pro · Site Admin Joined: 19 Jan 2005 Posts: 2248

Hello Steve,

You have some good ideas but government does not like change. Which state will you be running for Governor in?

SteveC · Joined: 27 Apr 2005 Posts: 3

I am in Massachusetts.

The government is the people. People don't like change...but they sure do like to complain! Laughing

It will be an uphill battle. I am more interested in advancing the ideas than myself. If it becomes part of the debate and passed into law, then I am more than happy. I am not one for schmoozing and smalltalk.

Separate from the difficulty of reform, what is your opinion of the proposals? Usually I get an answer like, "I like some of them."

I joke that the problem is like the 10 Commandments. People only want to pick five, and are reluctant to discuss the other five.

Which ones are okay for you? Being in the mortgage business, one of them would cut into your market.

The Mortgage-Pro · Site Admin Joined: 19 Jan 2005 Posts: 2248

I am extremely busy at the moment. I don't have time to write a review of which topics I agreed with.