Reader comment on: Bernanke's Recalibration
Submitted by Fast Eddie (United States), Jun 4, 2013 09:00
It is inconceivable to me that the Congress, when they created the Federal Reserve, even remotely envisioned the sort of unelected Fifth Branch of Government that it has become. Arthur Burns gave us the hyperinflation of the 70's when he pumped up the economy to help Nixon get re-elected in 1972; then Greenspan open the monetary flood gates repeatedly and gave us the stock market bubble and the housing bubble. And now Bernanke out does them all with QE and subsidies to the Too Big To Fail banks, including numerous banks headquartered in Europe and elsewhere. THIS IS NOT GOING TO END WELL.
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