Sunday, September 6, 2015

The Fed Can't Create Every Problem

September 5, 2015
Greenspan: The Fed can't solve every problem

"The real problem has got nothing to do with monetary policy—although I grant you it's a crucial issue short term—it's fiscal policy," he said.

The Fed: Creating and "solving" American monetary problems since 1913.

Congress: Creating and "solving" American fiscal problems since 1776.
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2 comments:

  1. Rob DawgSeptember 7, 2015 at 1:37 PM

    If deficits don't matter than by extension budgets don't matter.

    ReplyDelete
  2. Stagflationary MarkSeptember 7, 2015 at 9:08 PM

    Awesome! Can't have a budget crisis without a budget!

    ReplyDelete