Showing posts with label interest rate. Show all posts
Showing posts with label interest rate. Show all posts

Tuesday, September 25, 2012

As Clinton sounds interest rate alarm, does Congress think it's for real?

Let's assume you the reader are a progressive liberal, and while you're finally convinced debt and deficits do matter, you still believe in an activist Fed--a central bank which deploys massive quantitative easing, in an attempt to stimulate the economy.  The ol' "pile on more debt short-term to induce sustainable economic growth long-term" argument.

You ignore the warnings from the conservatives, the so-called deficit hawks.  Damn the Hoover Institute from Stanford University.  Reagan's trickle-down, supply-side economics were a colossal failure in your mind.

Full speed ahead!  What we need is QE to infinity to stimulate growth, growth, growth!

Here's a wet splash across the face from everybody's favorite Democratic former President Bill Clinton:

http://nbcpolitics.nbcnews.com/_news/2012/09/24/14071974-as-clinton-sounds-interest-rate-alarm-does-congress-think-its-for-real?lite&ocid=msnhp