Where does the Fed draw the line between interventions that facilitate short term financial stability versus interventions that facilitate long term busts and bubbles? This question is in light of Larry Summers suggestion the Fed should buy equities? Does the Fed consider the impact to main street?
http://www.gata.org/node/16825
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Mark "Marty" Rathbun's Place
Essays on economic crisis, decoding dominant ideologies and creating a better world
Deciphering History Together
Making sense of dollars and cents
A fine WordPress.com site
Forecasting the World
To find out, I hold a finger in the breeze.
ARTICLES IN THE NEWS . . . . . . . . . . . . . . . . COMMENTS, FEEDBACK, IDEAS
