zanardm

Can Obama Stop the Current Recession?

From above:
'in an evident state of panic Bernanke expanded the monetary base from $980,914 billion on 8 October to $1,233,679, on 5 November, a 24.7 per cent increase.'

Can anyone stop the D.C. Debt Machine of the Fed, Congress, and new and old administration? Who can say NO to more debt? Must it be the marketplace - old fashion basic supply and demand?

Also the Fed chairman is too much responsibility for one person, and appears to be too much command and control; so too for current Treasurer. So perhaps the ECB model of a Governing Council would be better, in addition to an executive board. See en.wikipedia.org/wiki/...