Stimulus II would not work, either

Future of Freedom Foundation
by Sheldon Richman

09/16/11

President Obama won t use the 'stimulus' label to describe his nearly half-trillion-dollar jobs bill, but that refusal can t hide the fact that he has no idea how economies recover from recessions. 'Stimulus' is a tainted label because his $800 billion bill in 2009 was a failure...

http://www.fff.org/comment/com1109r.asp



The real solution to the debt problem

Ludwig von Mises Institute
by David S. D'Amato

09/16/11

Today, on the heels of a debt ceiling increase calculated to forestall a federal-government default, we both are witnessing and are yoked to the many indispositions of what could be characterized as a permanent debt economy. The Federal Reserve System, as the radix and arguably most defining component of the American economic paradigm, is fostering a scourge on productive activity that has metastasized through society to a now-catastrophic degree...

http://tinyurl.com/44oeutz



Federal Reserve begins next damaging flail at economy

Forbes

09/21/11

The Federal Reserve said Wednesday it will shuffle $400 billion of its portfolio to try to drive down long-term interest rates and get the economy going. But economists doubted it would do much good, the stock market sold off, and the Fed itself was unusually divided over the strategy...

http://onforb.es/n1jEbo


Informant: Thomas L. Knapp



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