The Fed twists, the market shouts

posted by
October 4, 2011
Freedom's Phoenix
by US Rep. Ron Paul (R-TX)  
Posted in Commentary

"Last week the Federal Reserve began the second incarnation of ,Operation Twist,''' an attempt to drive down interest rates by purchasing long-term Treasury debt and selling short-term debt. This is just the latest instance of the central bank desperately flailing around doing something merely for the sake of doing something." (10/03/11)  


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