Stock Market Rises, Falls with Fed Signals
AUGUST 24, 2012
“Nobody ever said reading the Federal Reserve was easy. On Wednesday, the Fed appeared to suggest it was closer to taking additional steps to help the U.S. economy. Stocks rallied as a result and finished the day well off their lows. But the prospect of Fed help seemed much less certain Thursday, and stocks fell.” (Christian Science Monitor)
The damage of discretionary power.
FEE Timely Classic
“Market Money and Free Banking” by Bettina Bien Greaves