Gerald

The Fed Rate Cuts: Do They Really Help the Economy?

Your analysis is insightful. What is needed is a young economist like Steven D. Levitt to come out and tell people that USA going into recession is part of nature and that it has many positive consequences. The existing behavior of the Fed is predicated on the notion that a recession must be avoided at all costs. Question is can it really be avoided or all that is happening is it is being delayed so that when it occurs it hurts a lot. It would be really sad if history repeats itself so that we go through another period of dreadful inflation and then need to find a man of stature like Paul Volcker to be the Fed Chairman to smother it out of the system.