Doug French writes in Mises.org:
"Bernanke and company are making matters worse by endlessly inflating and bailing out dysfunctional firms. The result will be more unemployment, not less. But not-so-bashful Ben is arrogant enough to believe that he can step on the monetary gas, make things all better, and then return the Fed balance sheet to normal (whatever that is)."
"Bernanke and company are making matters worse by endlessly inflating and bailing out dysfunctional firms. The result will be more unemployment, not less. But not-so-bashful Ben is arrogant enough to believe that he can step on the monetary gas, make things all better, and then return the Fed balance sheet to normal (whatever that is)."
I'd recommend giving his entire piece a read.
1 comment:
Nifty reclaims 8150, Sensex climbs over 150 pts; ITC, ICICI gain: 30-Dec-2016
CapitalStars
Post a Comment