Wednesday, March 26, 2008

Head Scratching over the Fed

Fire of Liberty

Amity Shlaes has a good column out today, which points out how the Fed is encouraging a mindset of instability amongst the movers and shakers of Wall Street by their continued changing of the rules as they go with regards to who and when they open the agencies discount window. For me it shows you that it's far better to pick something and stick to it rather than keeping folks second guessing.

*Here's Alvaro Vargas Llosa take on the Fed's recent actions.

1 comment:

shliknik said...

I'm no doom-n-gloom guy, but I haven't heard ONE person knowledgable in finance that think the govt' helping Bear is a good thing. Most believe it's leading us down the path of future troubles.

After reading the article, I think the 'Let it Fail' sentiment should/could be used in many areas of our govt/country.