Monday, October 24, 2005

The drunken monetary orgy at the Fed continues

Greenspan's replacement Bernanke will continue the Fed's funny money policy which has bankrupted the middle class. Quoting from his Wikipedia bio:

"He gave a speech in 2002 entitled "Deflation: Making Sure 'It' Doesn't Happen Here" in which he discussed possible Fed actions to prevent deflation. He referenced the possibility of a "helicoptor drop" of dollar bills as a last-resort possibility to stop deflation; his strong stance against deflation may have been a reason for his nomination."

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home

Google