A Critical Analysis of Current Federal Reserve Actions and Their Consequences
November 22, 2010 at 05:02 AM EST
It is generally accepted that the recent financial crisis was brought about by excessive borrowing due to cheap and easy credit, and this excessive borrowing increased the risk in the financial system as market participants leveraged up to the hilt. Therefore it appears to be somewhat hypocritical to claim that the best action to . . . → Full Story: A Critical Analysis of Current Federal Reserve Actions and Their Consequences