The Effects of Freezing the Balance Sheet
Once Fed policy makers freeze the balance sheet of the US central bank, the growth momentum of the money supply will slow down.
Once Fed policy makers freeze the balance sheet of the US central bank, the growth momentum of the money supply will slow down.
The deficit-hawk politicians are right when they say the government should be sharing in the belt-tightening along with everyone else. Slashing spending at the federal level would return much-needed resources to the private sector, where they would do the most good.
Bernanke has opened the Fed's checkbook in an unprecedented fashion. He claims to be "saving" the financial system. In reality he is destroying it.
The Fed economists and their supporters really believe — truly believe — that they are the rescuers of our economy.
Why should we care about his predictions concerning the economy or his recommendations for how to end the slump? The answer, of course, is that the Federal Reserve has the power to destroy the world economy.
We cannot eat money. We cannot wear money. We cannot live in money. Money can't buy you love.
The federal government is digging itself deeper and deeper into debt at an alarming rate.