Friday, November 5, 2010

They're Printing More Money!

A few weeks ago the Federal Reserve's printing presses went into high gear at the expense of the American people. Ben Bernanke (Chair Federal Reserve) announced the Federal Reserve would be printing a mountain of money they call quantitative easing 2 to stimulate the economy and keep it from total derailment.

Many top economist stated that flooding the economy with a mountain of money made out of thin air will only worsen the economy over time. With more economist agreeing there would be adverse effects than not, maybe the FED should have call it destructive softening.

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