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Now that the legal mumbo jumbo is outta the way...

Sunday, August 15, 2010

Fed Official admits Fed starts Boom/Bust Cycle

http://www.conservativeforchange.com/2010/08/fed-official-admits-fed-starts-boombust.html

"In trying to use policy as a cure-all, we will repeat the cycle of severe recession and unemployment in a few short years by keeping rates too low for too long."

Mr. Hoenig added: "I wish free money was really free and that there was a painless way to move from severe recession and high leverage to robust and sustainable economic growth, but there is no short cut."

As this writer states it takes one to speak out, hopefully more will follow.

Great blog btw.

3 comments:

butt pesimistick neckid said...

oh pleeeze tell me IVAN was/is wrong...

no matter what the smart and brave people want or do the scumsuckers will not allow it...can you spel revolution??? are you ready for one??? will we survive one???

I have faced death twiced an' kicked his ass...I'm not sure I could win a third time...

we will all hang together cuz we did nothing to stop the take over of our nation...

OTR...show me how to erect a tipi again....

off the reservation said...

Actually, a chickee would be better. We can work the glades to our advantage.

off the reservation said...

Where is Ivan these days. Other than posting on Boortz, I rarely see him.