To re-inflate the bubble …

posted by
January 26, 2012
Campaign For Liberty
by Tim Shoemaker  
Posted in Commentary

"The Fed announced they will maintain near-zero interest rate levels until the end of 2014, the continuation of a policy implemented in 2008 to 'spur economic growth.' In reality, the Federal Reserve is continuing more of the same that caused the financial crisis in the first place.  The Fed caused the crisis by keeping interest rates artificially low for too long a period of time spurring investment in areas of the economy (like housing) that already had been overinvested in, thus inflating the bubble that nearly crippled the US economy when it burst in the December 2007." (01/26/12)  

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