Disappointing action by the Fed. They say it is risky and don't know if printing more paper dollars will work. Of course it will not. Any country that prints money to solve its trade and or fiscal problems or irresponsibility had demonstrated that it does not work. Ben is not in the real world and he should not be in charge of the Fed. Dangerous guy that is running lose.
Fed takes bold, risky step to bolster economy - Yahoo! News
Economic and Financial Thoughts and Comments
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Showing posts with label Fed Reserve. Show all posts
Showing posts with label Fed Reserve. Show all posts
Wednesday, November 3, 2010
Sunday, August 16, 2009
Ben is learning....
"Back in 2002, before he became chairman of the Federal Reserve, Ben Bernanke claimed that if short-term interest rates fell to zero, a central bank still had the ultimate weapon: printing money by purchasing government bonds. Having now actually tried quantitative easing himself, Mr Bernanke is discovering its limits."
― Economist Magazine August 13, 2009
― Economist Magazine August 13, 2009
Labels:
Ben Bernanke,
Fed Reserve,
Printing money,
Quantitative Easing
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