The money has to come from somewhere
The Free Liberal
by US Rep. Ron Paul (R-TX)
09/27/07
After the current turmoil in the markets, I was hoping that new Federal Reserve Chairman Ben Bernanke would see the big picture and act judiciously. Instead he signaled, with an aggressive rate cut, that we can expect a continuation of the monetary policies that got us here to begin with. Alan Greenspan released his memoir this week explaining his policies and decisions in the wake of the irrational exuberance they fueled. His successor should see that it is now time for a change of policy that addresses the root of our troubles. But instead of seeing an inflation problem, the Federal Reserve sees a liquidity problem, which is a little like extinguishing a forest fire with gasoline...
http://www.freeliberal.com/archives/002995.html
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Bernanke
http://freepage.twoday.net/search?q=Greenspan
http://freepage.twoday.net/search?q=Ron+Paul
by US Rep. Ron Paul (R-TX)
09/27/07
After the current turmoil in the markets, I was hoping that new Federal Reserve Chairman Ben Bernanke would see the big picture and act judiciously. Instead he signaled, with an aggressive rate cut, that we can expect a continuation of the monetary policies that got us here to begin with. Alan Greenspan released his memoir this week explaining his policies and decisions in the wake of the irrational exuberance they fueled. His successor should see that it is now time for a change of policy that addresses the root of our troubles. But instead of seeing an inflation problem, the Federal Reserve sees a liquidity problem, which is a little like extinguishing a forest fire with gasoline...
http://www.freeliberal.com/archives/002995.html
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Bernanke
http://freepage.twoday.net/search?q=Greenspan
http://freepage.twoday.net/search?q=Ron+Paul
rudkla - 28. Sep, 11:48
