Originally posted by robbie carrobie why do you people have such a problem with government, its government which creates an environment in which markets can flourish, through infrastructure, upholding of laws etc etc, how would you like to carry on business in a state governed by anarchy?
"High interest rates would discourage spending and malinvestment. They would also give people a reason to save."
Agree with you 100% on this one. The Fed under Obama has done a terrible job which will do more harm than good. Fed's policies have helped Wall St. and bankers and have done absolutely nothing for the middle (and esp. lower) class. Obama should have followed FDR's plan and put people directly back to work. Unfortunately, Wall St. controls him just as much as they control the other party.
Originally posted by kbear1k "High interest rates would discourage spending and malinvestment. They would also give people a reason to save."
Agree with you 100% on this one. The Fed under Obama has done a terrible job which will do more harm than good. Fed's policies have helped Wall St. and bankers and have done absolutely nothing for the middle (and esp. lower) class. Obama should ...[text shortened]... to work. Unfortunately, Wall St. controls him just as much as they control the other party.
A review of the past several administrations seem to indicate that the Fed holds greater power than the President. Obama isn't so bad. Bernanke is however like Greenspan except exponentially worse.
People are forced into the stock market or bond market just in an attempt, mostly vain, to beat inflation.
13 Aug '13 02:32
The death spiral of capitalism
Back to Top