Drew Horn

Wall Street Breakfast: Must-Know News

The Taylor rule seems to be that we have to bribe people to borrow and spend money they don't have and are unlikely to be able to repay. This seems to have a familiar ring to it, a bit like the hedonistic attitude that brought us this "crisis".

I wonder if the Fed will be getting legislative powers. If so, they may try to repeal the "business cycle" and institute a new policy --- eliminate capitalism.