Wednesday, March 26, 2008
Questions on Monetary Policy
Is federal monetary policy aimed strictly at bolstering the stock market? Is the stock market a reliable indicator of the true shape of our economy? Is the inflationary impact of rising fuel prices being fully accounted for in the economic measures tracked by the government? Are wages keeping pace with the rising cost of goods and services as impacted by fuel? If fuel costs are recovered by businesses in the form of a fuel surcharge rather than through a price increase, is that "fuel tax" being accounted for in statistical measures of economic performance? Are we in fact experiencing inflation at the same time we are seeing a recessionary period? Will we see a tenuous hold on economic stability maintained until a change in administration?