Tuesday, February 21, 2012
On Ron Paul and the FED
He's apparently right. This, in that, if the FED hadn't a) distorted interest rates, b) printed money to an almost obscene level, and c) created a bailout culture on Wall Street (Greenspan's nickname actually WAS Mr. Bailout), there probably wouldn't have ever been a sub-prime lending crisis or especially a housing bubble. I mean, yeah, there no doubt would have been a correction eventually and all, but NOTHING like the calamity that actually happened.