diversified federal reserve....

in most cases....  the new system will simplify systems....  will simplify life....  but....  in this situation....  eye am suggesting MORE complexity....

eye am suggesting....  that the federal reserve set interest rates locally....  setting interest rates nationally....  is like having one public school system for all....  it simply does not work....  setting a national interest rate....  when....  one economy....  like colorado right now....  is booming....  and another economy....  like detroit....  is busting....  setting one national interest rate....  harms both cities....  it is too low for colorado....  colorado needs a high interest rate....  to slow growth....  to cool the growth....  and detroit....  needs a low interest rate....  maybe even a negative interest rate....  to encourage people and businesses to move there....  to stop the blight....  

we need to stop cities abilities to compete for businesses....  cities that are growing....  have significantly more resources and tools....  to attract businesses....  and....  cities on the decline....  have significantly less resources to attract businesses....  and....  this tool for cities needs to be taken away for another reason....  it unfairly benefits larger businesses....  a five thousand person company is going to have significantly more leverage with cities....  than a five person company....  this advantage to size needs to be taken away from businesses....  

but....  back to the topic at hand....  eye live in boulder....  and five years ago....  google moved to boulder....  causing too much growth and significantly increasing traffic....  google should never have been allowed to move here....  it should have been encouraged to build a facility in detroit....  if the federal government increased interest rates in boulder....  for any development in boulder....  and offered negative interest rates in detroit....  perhaps google would have gone to detroit....  eye am willing to bet....  more businesses would have gone to detroit....  and less would have come to boulder....  the movement and development of businesses needs to be managed at a national level....  by raising and lowering interest rates in different cities....  so....  there will be far less pain in the world....  for example....  when the auto industry left detroit....  if the federal government had lowered interest rates....  other businesses would have moved in....  keeping the city from shrinking....  keeping citizens from being forced to move....  keeping citizens from losing hundreds of thousands of dollars in property value....

on the flip side....  people who own homes in boulder....  are benefiting significantly....  many people are making more in property value appreciation....  than they are making from their jobs....  at the same time....  there is pain....  rents are skyrocketing....  so....  there is a significant discrepency between the benefits to homeowners and the costs to renters....  

if migration was managed at a national level....  there would be significantly less pain in the country....  there would be far less variation in property values....  and rents....  which is causing significant pain all around....  and....  it is putting money in the hands of the lucky....  instead of the hands of the hard working....

and....  the impact of this policy....  on the environment....  will be far greater....  than most of the policies that the environmentalists have come up with so far....  without forcing anyone to do anything....  only by encouraging more people to live where homes are already available....