Originally Posted September 14, 2012
CNBC.com | Bernanke Reverses Policy of Volcker, In Bid To Finance Obama's Tax, Spending ? New York Sun About thirty years ago, Paul Volcker launched a monumental monetary effort to bring down inflation. As Fed chairman, he sold bonds, removed cash from the economy, and cared not one wit about rising interest rates. And it worked. Gold plunged, King ? Obamanomics Has Failed Dismally and Bernanke Can't Bail It Out Obamanomics is a complete failure |
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Tags: Bernanke, Finance, Obama's, Policy, reverses, SPENDING, Volcker, YorkPosted in Taxes | No Comments ?
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