I think Sarah Palin is right on this. The Fed is playing a dangerous game. The first round of quantitative easing just barely made a whisper of a difference...temporarily. The concern is that infusing cash into the economy like this is akin to lighting a range with a bad striker. You turn on the gas and nothing happens. So you turn it up higher. And higher. Until you get to a point where you'd better hope that spark doesn't hit because if it does the whole place will go "boom".
Palin to Bernanke: ‘Cease and Desist’ - By Robert Costa - The Corner - National Review Online
"We shouldn’t be playing around with inflation. It’s not for nothing Reagan called it “as violent as a mugger, as frightening as an armed robber, and as deadly as a hit man.” The Fed’s pump priming addiction has got our small businesses running scared, and our allies worried. The German finance minister called the Fed’s proposals “clueless.”
No comments:
Post a Comment