Thursday, November 29, 2007

"Drug Addict" - Our economy on the Fed

Our economy, under the management and supervision of the Federal Reserve, has become a "drug addict."

According to GOP presidential candidate Ron Paul, on watching the Fed try to salvage the current credit bust:
You're right, but it's sort of like a drug addict. The drug addict demands more or he's going to have convulsions. The economy would have a convulsion if the Fed didn't inject more credit. But if you continue to do that, the problem gets worse. You can't solve the problem of monetary inflation with monetary inflation. These circumstances have all been created by our government and the Fed. Link.

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