The contradictions of Geithner
Independent Institute
by DW MacKenzie
05/20/09
In a recent interview Treasury Secretary Timothy Geithner admitted that Federal Reserve monetary policy ‘was too loose for too long.’ Geithner’s remark has been met with much enthusiasm. Is this not a major concession on his part? Has Geithner not laid the blame for the 2008 crisis squarely at the Fed’s doorstep? Some of us claim that Geithner has admitted to an Austrian explanation for the 2008 crisis. If true, this would be a major concession on Geithner’s part. Such a concession would run contrary to the policies that Mr. Geithner is supposed to implement as Treasury Secretary to President Obama...
http://independent.org/newsroom/article.asp?id=2504
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=Geithner
http://freepage.twoday.net/search?q=Treasury
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=monetary+policy
by DW MacKenzie
05/20/09
In a recent interview Treasury Secretary Timothy Geithner admitted that Federal Reserve monetary policy ‘was too loose for too long.’ Geithner’s remark has been met with much enthusiasm. Is this not a major concession on his part? Has Geithner not laid the blame for the 2008 crisis squarely at the Fed’s doorstep? Some of us claim that Geithner has admitted to an Austrian explanation for the 2008 crisis. If true, this would be a major concession on Geithner’s part. Such a concession would run contrary to the policies that Mr. Geithner is supposed to implement as Treasury Secretary to President Obama...
http://independent.org/newsroom/article.asp?id=2504
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=Geithner
http://freepage.twoday.net/search?q=Treasury
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=monetary+policy
rudkla - 22. Mai, 09:23
