More crack cocaine, anyone? A narcotic as potentially addictive as crack is essentially what the Federal Reserve is administering to our economy, with its recent decision to infuse $600 billion more of new printed money into our system. The Federal Reserve is monetizing the federal debt - printing more money with which to "cover" it. Nevermind that this strategy has led to hyper-inflation and the devaluation of currency every time it has been tried in world history. Yet left-wing economists like Paul Krugman don't think that the Fed went far enough to get the job done in stimulating our economy. [more...]
Posts
No comments:
Post a Comment