Posted on 10/16/2008 7:48:51 PM PDT by brianr10
The best policy is for the Fed to do nothing and permit interest rates to reflect reality. By doing nothing, the Fed will enable wealth generators to accumulate real savings. The policy of doing nothing will force various activities that add nothing to the pool of real savings to disappear By impoverishing wealth generators, the current policies of the government and the Fed run the risk of converting a short recession into a prolonged and severe slump.
(Excerpt) Read more at mises.org ...
Government keeps talking about HELP ... DOW keeps Dropping...
CAN’T YOU GUYS TAKE A HINT??
and also ... This is the same stuff FDR did to “SAVE US” ... Luckily World War II got us out of FDR’s Depression.
And to the PRIVATE Responder ... repeated here and expounded
the same corrupt Congress cover ... Barney Frank, Chris Dodd, Barak HUSSEIN Obama, Maxine Waters should ALL be PERP Walked for their Protection of Fanny/Freddie which will be found to be the GENESIS of this ENTIRE Problem!
Where was the Mises cult back when the Fed was keeping interest rates so high that the yield curve was inverted?
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