My two cents on the latest humbug from Federal Reserve chief Ben Bernanke:
In an interview with Press TV on Thursday, James Bovard, a policy advisor for The Future of Freedom Foundation explained that U.S. Federal Reserve policies are further hurting the U.S. economy rather than improving it.
“The Federal Reserve itself has done so much to undermine the American economy and throttle its recovery. The Federal Reserve has held interest rates far too low for far too long that have destroyed Americans’ incentive to save.”
He added, “A major reason why the U.S economy has not bounced back strong is because businesses and lot of others are fearful of what kind of stupid policy Washington might do next.”
You can listen to the short monologue by clicking on or downloading the following: james-bovard-final