Fear the Fed

posted by
August 10, 2011
The Weekly Standard
by an anonymous businessman channeled by William Kristol  
Posted in Commentary

"It is impossible to overstate the danger posed to the long-term stability of our country by current Fed policy, which has reached what one can only hope is the apogee of misplaced confidence in their ability to fine-tune the world. Fed policy, consisting of ZIRP (zero percent interest rates, which are now promised to be maintained for at least the next two years) and gigantic purchases of medium and long-term bonds (so-called QE, or quantitative easing), is unprecedented in monetary history." (08/10/11)


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