By Peter Schiff Full Article >>>>
Aug. 15, 2010
The FED is addicted to Quantitative Easing
This week, national attention was fixated on JetBlue flight attendant Steven Slater, whose bold, creative, and controversial exit strategy could revitalize his future prospects. Not nearly as noticed was the Federal Reserve's decision on Tuesday to avoid finding an exit strategy for its own never-ending career trap. Unfortunately, the Fed's choices affect our lives much more than Slater's.
Just a few weeks ago, pundits were asking how Ben Bernanke would shrink the Fed's bloated post-crisis balance sheet. But in its August 10th decision, the Fed signaled that it would "recycle" its debt holdings; in other words, there would be no exit strategy for the foreseeable future. Given the fact that monetary stimulus will not only fail to spark a genuine recovery, but create a never-ending need for successively larger doses, Bernanke should grab a few beers and head for the nearest available emergency slide.
THE PETER SCHIFF BLOG : An Unofficial Tracking of Peter Schiff and The Libertarian Austrian School of Economics
PETER SCHIFF

Saturday, August 21, 2010
Peter Schiff : The Fed Has A Drug Problem, Bernanke Is Addicted To Printing
Labels:Peter Schiff ,Ron Paul
The Fed
Subscribe to:
Post Comments (Atom)
Popular Posts This Month
-
Here are some of Peter Schiff's Quotes , Please feel free to post more , and I'll make sure to add them to this list ...let's ma...
-
by Peter Schiff Strike up the band, boys, happy days are here again! Recently released short-term economic dat...
-
Once again, someone Cenk Uygur trying to debate Peter Schiff simply lacks the finance and economics knowledge to do so . The Young Turks al...
-
Peter Schiff : We need to have a Massive Recession and Peter Schiff: Why College Tuition Is So Expensive Lessons from the Crisis: The Limits...
-
The Free Fall of the Dollar : “When the U.S. decouples, the world will thrive,” “The world doesn’t need our consumption, we need their produ...
-
Minimum Wage, Maximum Stupidity By Peter Schiff In a free market, demand is always a function of price: the higher the price, the lower the ...
-
by Peter Schiff April 17, 2009 In a speech this week summarizing his administration’s economic policies, President Obama grossly overstated ...
-
Peter Schiff Vlog Report 03 Apr 2009 - The most amazing bloopers are here
No comments:
Post a Comment