All Commentary
Tuesday, November 9, 2010

Fed “Quantitative Easing” Wins Obama’s Nod


“President Obama on Monday backed the Federal Reserve’s decision to inject $600 billion into the U.S. economy through unconventional means, as debate over the central bank’s action heated up both domestically and around the world. The Fed’s moves last week have provoked sharp criticism from Germany and other major exporting nations….” (Washington Post)

They try so hard to look as though they know what they’re doing.

FEE Timely Classic
“Faith in the Fed” by Hans F. Sennholz