Liberty Maven

As Ron Paul continually reiterates “you can’t fix inflation with more inflation”. The Federal Reserve has lowered interest rates so fast in recent weeks the economic pundits are actually starting to agree with Paul. Well, some of them. Many are still applauding the Fed for lowering rates and “helping the economy.” Here is an interesting article from CurrencyTrading.Net called “10 Reasons To Be Critical of The Federal Reserve”. We couldn’t agree more with these reasons.

The recession threat, credit crisis, housing market correction and weak dollar have many Americans looking for someone to blame. Potential targets abound. In the case of the subprime collapse — still the biggest negative influence on the economy — everyone seems to share responsibility. Aspiring home owners took on more debt than they could handle, real estate speculators assumed home prices would rise forever, and mortgage lenders made reckless loans because they were able to sell off the risk. Investment banks packaged the loans into complex securities that even the banks themselves were apparently unable to understand, and the rating agencies supposedly dedicated to disclosing the underlying riskiness cheerfully went along for the ride. Aiming higher, some critics are blaming the Federal Reserve for subprime as well as the greater state of the economy. Here are the criticisms they are likely to voice…

Read the 10 reasons at CurrencyTrading.Net