With their interest-rate decision today, Chairman Ben S. Bernanke and his colleagues at the Federal Reserve will convey just how worried they are that banks and other financial institutions are putting the economy at risk by hoarding cash. The Fed's policymaking committee will decide whether to lower a short-term interest rate for the third time this year. (Washington Post, Tuesday)
As though the Fed hasn't caused enough trouble.
FEE Timely Classic
Why Not Monetary Freedom? by Richard M. Ebeling