Sociable

Wednesday, September 1, 2010

Fed's Fischer is concerned with "printing money"

Printing money is my quote, but I'm emphasizing the fed is creating money.  Which can lead to inflation, see Germany in the 1920's.  Here the quote.

But he said he would be reluctant to expand the Fed's balance sheet further, because to do so would at best be ineffective and at worst fuel the fires of future inflation.

and

In the past, Fisher has spoken extensively about the threat of the U.S. fiscal deficit, a point that was absent from Wednesday's speech.
This has also been a concern of the CBO.  See link  Here

Read Fischer's article Here

No comments:

Post a Comment