Bernanke on Drugs-there is no need for the federal reserve to monetize any of this borrowing I do not expect any additional inflation from this
Monday, October 13th, 2008Why do you think that there will be any better use of bailout money than the money squandered during the boom. Arguably it will be spread around less efficiency since the government is doing it and it is "easy money" even more ripe for abuse than the original cash.
"Money Quote" from Bernanke - There will be no need for the federal reserve to monetize any of this borrowing I do not expect any additional inflation from this. Dumb!
Ron Paul exchange with Ben Bernanke. There will without a doubt be inflation because of this. They are risking collapsing the system because everyone in a position of power is scared white of losing power. This is a totally unhealthy way to live.
And Wall Street is only interested in getting their chestnuts pulled out of the fire. As Ron Paul said "They are going to have to add a bunch of stuff into the bill to get it to pass"
You can not regulate yourself out of easy money.


































