The Undollar Digest

The High Cost of the Fed’s Cheap Money

Andy Laperriere 03/05/2012 online.wsj.com

Encouraging consumption at the expense of saving inhibits long-term economic growth.
During the past three years, the Federal Reserve has tripled the size of its balance sheet—in effect printing $2 trillion—something it had never done in its nearly 100-year history. The Fed has lowered short-term interest rates to zero and signaled that it will keep them [...]


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