Saturday, September 27, 2008

Dr Paul Craig Roberts

http://www.rense.com/general83/sired.htm

Their system is dead
No Bailout!


Remember the good old days when the economic threat was mere recession? The Federal Reserve would encourage the economy with low interest rates until the economy overheated. Prices would rise, and unions would strike for higher benefits. Then the Fed would put on the brakes by raising interest rates. Money supply growth would fall. Inventories would grow, and layoffs would result. When the economy cooled down, the cycle would start over.