Bernanke Desperate, Fed Out of Ammo [View article]
This is a typical example of amateur economists (like Ron Paul) who have no idea how things work telling the experts what they are doing wrong. It's like laymen telling brain surgeons they are doing it all wrong.
Bernanke is putting the most advanced theories into practice. With widespread overcapacity, increasing money supply will not lead to inflation, but to renewed economic growth. And the Fed is not out of ammunition, because they can create unlimited amounts of money, whatever is needed to get us growing again. Ron Paul's libertarianism (represented by Greenspan's refusal to regulate) is what got us into this mess. Unregulated markets lead to booms and busts.
Bernanke Desperate, Fed Out of Ammo [View article]
It's like laymen telling brain surgeons they are doing it all wrong.
Bernanke is putting the most advanced theories into practice.
With widespread overcapacity, increasing money supply will not lead to inflation, but to renewed economic growth.
And the Fed is not out of ammunition, because they can create unlimited amounts of money, whatever is needed to get us growing again.
Ron Paul's libertarianism (represented by Greenspan's refusal to regulate) is what got us into this mess.
Unregulated markets lead to booms and busts.