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Dr. Kalinda Rose Stevenson
Greenspan’s Folly: Why Lack of Regulation By The Federal Reserve Is The Root Cause Of The Current Financial Mess
John McCain claims that Wall Street greed is responsible for the current financial mess behind the bank failures and the subprime mortgage debacle. Michael Hirsh has written a significant article that places the blame squarely on the refusal of the Federal Reserve under Alan Greenspan to use its regulatory authority. Read more
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Why The Federal Reserve Is Keeping Its Fingers Crossed Under The Streetlight
On Tuesday, August 5, the Federal Reserve voted to keep the interest rate for banks unchanged. Although I am by no means an expert on the economy and the role of the Federal Reserve, the actions of the Federal Reserve often remind me of that old cartoon about the conversation between Bob and Joe under the streetlamp. Bob sees Joe looking at the sidewalk under the streetlamp and asks: Read more
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How The Fed Controls The Money Supply
Have you seen the news reports that the Federal Reserve has “pumped” money into the economy? Have you wondered exactly what that means? How exactly does the Fed “pump” more money into the system? Read more
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