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The Fed's Dangerous Game

Monday, October 18, 2010, 5:08 PM
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With Fraudclosuregate picking up steam and threatening to shut down the US housing market for a while, or at least throw a double handful of sand into the gearbox, the Fed has gone on an all-out propaganda war to try to convince everyone that "inflation is too low" and that such a perilous state justifies another gigantic round of thin-air money printing.  Yes, they call it "quantitative easing" to try and inject a note of academic rigor into the conversation, but we can just call it what it is:  money printing.

Hardly an hour goes by without the airwaves being inundated with another Fed official making another statement about the "too low" inflation and what we need to do about it.

 

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