Wednesday, June 22, 2011

Complete Bullshit

I've been hearing this from various places recently, and it's total bullshit.

Today, the Fed is under intense criticism, which limits its freedom of action. Having not done enough, they're now unable to do more.

The Fed isn't failing to act because they're worried someone might say something mean and hurt their fee fees, they're failing to act because they think they're doing the right thing.