[fyi] The Bailout Reader
October 5th, 2008, search relatedRelated posts :: [fyi] The Bailout Reader :: The Socialists Are Staging a bailout coup :: Recovering the First Person Perspective in Heideggerian Philosophy :: ALPI vs Newspeak
>The 1999 NYT article that Michael posted extrapolated the current
>crisis with perfect accuracy before the Fed funds rate was ever lowered.
>So the problem was not the lowering of rates in general, but the
>artificially induced lowering of rates for low-income demographics,
>for the purposes of social engineering:
I am of the view that the key here is the creation of bubble activities,
i.e. money pumping, abnormal low interest rates. Hence what matters
are the actions by the Fed.
