Janet Yellen Risks Another Downturn

Real Clear Markets ^ | February 22, 2016 | Peter Morici

[expat_panama]

They know it too which is why they voted to turn it over to the fed in the first place. Now they can get away w/ just saying they could do better w/o ever having to actually prove it.

[Moonman62]

The chickens are coming home to roost, and the Federal Reserve could easily push America into another recession.

...

That’s the Fed’s job. Actually, it is to suppress wages, but causing recessions is a big part of that.

[expat_panama]

There will always be markets for money even if it completely black. Thus the idea that anyone can regulate the value is kind of panglossian. The only real question is the mix of market and politics.

Makes sense to me

 Just recently the Fed printed up money and gave it to politicians to spend which is pretty dumb.

Wait a sec, I thot we'd already agreed that congress' coining/setting-value of money was in the constitution. How about our beef geing not w/ the fed, but w/ congress?

[palmer]

Fair enough. It is Constitutional and dumb for politicians to print money and spend it. It is not the worst case scenario because the proportion is still small, it may have been temporary and it was not just handed out in paper. But it is a bad precedent and I’m not sure if anyone realizes how damaging that is with all the talk about deflation.