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axelrod608's
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When money is scarce and expensive, people don't take risks with it. When money is cheap and plentiful they do. Peter makes the point that unlimited cheap money - fed monetary policy for over a decade now - is the driver behind all the ills crushing the economy. 100% dead on target.
Jun 21 11:15 am
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All Comments by axelrod608 »Back in the U.S.S.A. [View article]
And all the stimili/bailouts/guara... are just rearranging the chairs on the deck of the Titanic. The folks at the helm just plain don't get it.