I thought it'd be good to show an excellent chart from the St. Louis branch of the Fed that shows how the "soft-money" policy being pushed by Fed Chairman Bernanke and his predecessor Alan Greenspan has finally brought us before our current economic troubles. I just wish we had an economic duo like Reagan and Volker who kept the money tight, reduced taxes, and kept a firm hand on the spending tiller rather than the spend-a-thon Obama White House/Democratic led Congress, and the soft-money fed. Lord help us all. Here's the chart:
1 comment:
Agreed. I like your idea.
Reduce spending.
Lower taxes.
Voila!!! No debt!
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