Monday, December 15, 2008

Innovation at the Federal Reserve

Looks like the Fed is about to get a little more creative with it's "toolkit" (i.e. basket of unconstitutional, phony solutions to our financial problems) . That doesn't come at a shock, considering interest rates are near zero, so there's no more room for "quantitative easing" in that regard. Or, as Keynesian propaganda outlet CNBC likes to call it, "further unconventional steps." Might as well call a spade a spade, it's a shot in the dark, with our currency and our economy on the line.

What will the Federal Reserve cook up next in their ongoing social experiment with our tax dollars? Stay tuned folks, it's likely to be entertaining...and ineffective.

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