Archive for December 20th, 2008

The Reckless Federal Reserve, Bernard Madoff and Elihu Root: Lessons for Today »

The Federal Reserve has now moved to escalate even further its inflationary jihad in a vain and highly dangerous attempt to “stimulate” the economy. As reported in the New York Times: The Federal Reserve entered a new era on Tuesday, lowering its benchmark interest rate virtually to zero and declaring that it would now...
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