The Fed plays "Twister!"

22 Sep 2011 09:13 #11 by FredHayek
Replied by FredHayek on topic The Fed plays "Twister!"
I know the Fed is a one trick pony that seems to think lowering interest rates will stimulate the economy and the Dems believe building up infrastructure will boost the economy, both groups need to look at Japan who accomplished very little with both tricks except to rack up massive debt.

In the last 10 years, the American consumer racked up massive debt and slowly they are paying it back or writing it off, but until it gets down to reasonable levels, people won't spend.

Thomas Sowell: There are no solutions, just trade-offs.

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