Fed Will Continue Expansionary Monetary Policy
OCTOBER 13, 2010
“Most Wall Street analysts expect the Fed to decide, at its meeting in early November, to resume the debt-buying strategy known as quantitative easing, in which the Federal Reserve would purchase Treasury securities to make borrowing cheaper. But while that outcome is possible, it is not certain, according to minutes of the Fed’s last policy meeting, which the central bank released Tuesday.” (New York Times, Tuesday)
At least turning on the printing presses is honest.
FEE Timely Classic:
“Inflation as Income Distribution” by Sheldon richman