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By Roger Kimball

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Economics and the imagination of disaster

March 18, 2008 - 7:59 am - by Roger Kimball
mal
2008-03-18 08:59:01

I think the problem is the USA is trillion of dollars in debt, we are experiencing a housing bubble burst and the credit crunch. The Fed is trying to bail everyone out, which seems to me like a little socialism and someone will pay for this.They are really pronlonging the inevitable (recession) The Fed also is reducing interest rates which really means they are printing more money therefore thing get more expensive.

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http://bigpicture.typepad.com/