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Posted on 02.07.08 by Thomas L. Knapp
“The Federal Reserve has cut the fed-funds rate to 3 percent from 5 1/4 percent since last September. Some Fed critics dismiss that as ‘too little too late.’ Others suggest it’s too much or too soon — risking a return of 1970s stagflation. Still others say it won’t matter — that the Fed is just ‘pushing on a string.’ They’re all wrong.” (02/06/08) Link: http://www.cato.org/pub_display.php?pub_id=9135 Filed under: RRND Commentary | Report Bad Link Bookmark this post in Furl or Del.icio.us | |
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