Money printing has also enabled Washington to avoid making hard choices. As a result, there has been little effort on the part of either political party to hold the Fed accountable.
Post Tagged with: "Federal Reserve System"
October 1, 2012 07:12
Quantitative Easing Did Not Work For The Weimar Republic Either
If printing money was the secret to economic success, we could just print up a trillion dollars for every American and be done with it.
September 26, 2012 10:19
What If The Fed Has It All Wrong?
The less affluent — the other 80%, some 250 million people — are little concerned by an eventual wealth effect but highly, directly and immediately impacted by the side effects of all these QEs, namely rising commodity prices and near zero interest rates.
September 25, 2012 05:53
The Money Spigot Is NOT Helping – Fire Bernanke
This is so crazy that even former Federal Reserve officials are speaking out against it. For example, former Federal Reserve chairman Paul Volcker says that QE3 is the “most extreme easing of monetary policy” that he could ever remember.
September 21, 2012 09:09
Fed Pimps for Obama – Results in Higher Gas and Groceries
Only the naive and community organizers think that you you can print money out of thin air without consequences. After almost four years of suicidal economic policies there is panic at the Fed. Just keep creating money, maybe something will happen!
September 20, 2012 09:30
The Federal Reserve Is Systematically Destroying Social Security And The Retirement Plans Of Millions Of Americans
Because of the Fed policy of keeping interest rates exceptionally low for the foreseeable future it is now being projected by some analysts that Social Security will be bankrupt by 2023.
September 18, 2012 04:58
How QE3 Will Make The Wealthy Even Wealthier While Causing Living Standards To Fall For The Rest Of Us
The first two rounds of quantitative easing made the wealthy even wealthier while causing living standards to fall for all the rest of us. Is there any reason to believe that QE3 will be any different?
September 10, 2012 05:50
FED Action Delays Retirement – Means Fewer Jobs for Young Workers
There is not a chance in hell that younger workers are going to prosper looking at this chart. As a result, future tax revenues will be less than planned. The economy will lag well below potential. – Bruce Kasting
August 23, 2012 07:36
Stop the (money) presses! Will The Fed Q Redux?
There is no way with eight dollar corn prices and 4 dollar gas that the Fed does any major QE3, just forget that notion.
August 20, 2012 07:51
Bernanke’s Dual Mandate Trap – Inflation or Unemployment?
As Fed’s two previous QE’s have demonstrated, due to the structure of current global banking and financial system, QE has only mostly benefited banks to hoard cheap capital from the government to speculate in commodities and stocks to get better returns, rather than circulating and lending to business and consumers like banks are supposed to.
