#1 The Impotence of Monetary Policy and the Federal Reserve09-01-2012, 02:59 PM
By Bruce Johnson
The job of central bankers is to prevent free-market forces from impacting an economic situation.
Monetary policy apparently cannot halt a previously declining manufacturing sector.
The Federal Reserve's record level of accommodations hasn't helped. Any benefits of those moves have been scooped up by the federal government via reduced borrowing costs. When the Fed steps into the weekly Treasury auctions and buys those Treasury obligations, it is merely lending new money to the federal government.
Read more: http://www.americanthinker.com/2012/...#ixzz25FK12iQmHow is obama working out for you?
09-01-2012, 07:21 PM
The Fed going to have to leave things be for awhile. Give the economy time to start back up in meaningful gains but eventually interest rates are going to have to go back up two - three fold if not more.
Congress is going to have to lessen regulatory controls , establish long term tax policies and exhibit some fiscal restraint.The 21st century. The age of Smart phones and Stupid people.
It is said that branches draw their life from the vine. Each is separate yet all are one as they share one life giving stem . The Bible tells us we are called to a similar union in life, our lives with the life of God. We are incorporated into him; made sharers in his life. Apart from this union we can do nothing.
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