"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Government Spending Makes Recessions Worse
Submitted by Derek Henson on Fri, 2008-12-26 17:00
?The Fed lowers interest rates dramatically and inflates the money supply by purchasing government and even commercial debt. And the Treasury gets the legal authority to spend upwards of $700 billion to bail out Fannie and Freddie, commercial banks, investment banks, insurance companies, and any other private firms too big to fail.?
0
Your rating: None
- Login to post comments
User Login
Search This Site
Recent comments
-
It's certainly a step in the right direction.2 weeks 5 days ago
-
They may be in control of someone else. But they are NOT in...3 weeks 2 days ago
-
More prescient than one would have realized after the experi...3 weeks 3 days ago
-
http://www.informationliberation.com/?id=6333527 weeks 2 days ago
-
“Madness is something rare in individuals — but...31 weeks 2 days ago
-
I wouldn't be surprised to learn that it's some kind...31 weeks 2 days ago
-
And they're just the ones that got caught.31 weeks 2 days ago
-
The fruits of Marxism: Complete and total insanity.42 weeks 4 days ago
-
Fortunately, he now has the money and the influence to not n...1 year 8 weeks ago
-
Look at the timing. They don't want CIA/MI6 funded...1 year 9 weeks ago
more