Quantitative Easing: Elixir or Poison?
Stephen LendmanThe way used, poison indeed, but if used right could be an elixir
ON AIR NOW
Click to Play
The way used, poison indeed, but if used right could be an elixir
Fleckenstein doesn't want the Fed acting as a politburo deciding interest rates in a room. He lists the reasons why: in the last 15 years the Fed blew and equity bubble, then a housing bubble, and now they want to print our way to prosperity.
“Dr. Bernanke unfortunately does not understand economics, he does not understand currencies, he does not understand finance,” Rogers, 68, said in a lecture at Oxford University’s Balliol College yesterday. “All he understands is printing money.”
Ron Paul Questions Fed Authority, Vows Another "Audit the Fed" Effort http://globaleconomicanalysis.blogspot.com/2010/11/ron-paul-questions-fed-authority-vows.html Ron Paul is back at it with another "Audit the Fed" campaign, this time with a
"I think the Fed is injecting high grade monetary heroin into the financial system of the world, and one of these days it is going to kill the patient." David Stockman, director of the OMB under Ronald Reagan.
In other words, Bernanke v. Paul theater will soon be a weekly feature. Stock up on your popcorn!