Over the last two years, Federal Reserve Chairman Ben Bernanke has begun violating conservative monetary policies by funding a third of the Obama Administration’s $5.4 trillion deficit-spend-a-thon through multiple rounds of money printing, called Quantitative Easing. After thirty years of Fed stability produced declining interest rates, these new Fed actions are scarring off traditional buyers. [...]
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Four years ago, Nobel Prize winning economist Joseph Stiglitz and the ultra-liberal Roosevelt Institute, where he serves as Senior Fellow, enthusiastically heralded the Presidential election of Barack Obama as the beginning of at least a decade of continuous expansion of government intervention into the American economy. Stiglitz trumpeted the capture of the Executive and Legislative [...]
READ MORE »The Federal Reserve’s QE2 stimulus has stoked a fire storm of global of inflation. What began in the Middle East and North Africa as a rebellion against rising food and basic essentials for some of the poorest people on earth has now spread to supposed success stories, like China. Over the weekend, rioting broke out [...]
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