Liberty MavenJake Towne’s Lecture on the Financial Crisis
October 1st, 2009 12:07 am | by Jake Towne | Published in Banking, Big Government, Debt, Economics, Federal Reserve, Liberty, Money, Politics, gold, inflation, national debt | 0
Slides 4-36 of the below presentation have been presented to several groups around the district for educational purposes. Although you are missing my critical narrative and explanations, I invite you to take a look. If you do disagree or find something new, check my sourcing and citations.
While the hour-long presentation is of course only a snapshot, or a look at the critical pieces of puzzle, I emphasize the importance of the gold market, and view the housing crisis as merely a symptom of the causes – excess FED inflation and artificially low interest rates that were held too low for too long. The irony is not lost that currently the FED interest rates is roughly 0.15%, far lower than previously. In the interests of time and for simplicity, I omitted the Treasury market almost entirely – just a brief mention in the slide on the national debt. The Treasury market is definitely also quite critical.
Jake Towne for US Congress PA-15 – The Financial Crisis (WEB) (Sept 2009)
Jake Towne for US Congress PA-15 – The Financial Crisis (WEB) (Sept 2009)
