Welcome to Laura's Home on the Web
Facebook Twitter
Need to Know
December 21, 2012
Fed's intervention could have dangerous consequences
Posted by Staff
Fox News reports:

Whenever then-Republican presidential candidate Ron Paul would rail against the Federal Reserve on the stump, he got big applause from growing crowds.

"We don't have the money -- they run out of borrowing power, guess what they do? You would have never guessed. They start printing money! And of course that leads to more problems," Paul said at a campaign stop in March in Fargo, N.D.

But despite Paul's and others' criticism, the Fed has acted even more aggressively. Just last week it doubled down on previous commitments to keep buying billions of government treasuries -- printing more money each month -- to keep interest rates low for the foreseeable future.

"Exceptionally low levels for the federal funds rate are likely to be warranted at least through mid-2015," Federal Reserve Chairman Ben Bernanke said.
12/21/12 5:20 AM
Del.icio.us Facebook Fark Furl
Google Newsvine Reddit Yahoo
<< Back to Need to Know
Freedom Czar Polo All Freedom Czar gear 50% off.
$18.97
Laura 365 Conservative Book Club
Home | Charity | Store | About Laura | Action Alerts! | Video Extra | Laura 365 | Contact Us | Help | Site Directory
Copyright 2002-2014 LauraIngraham.com. All rights reserved.
Terms & Conditions | Privacy Policy | Acknowledgments
This site is Created and Managed by Nox Solutions LLC.