It’s either a bubble or a depression, you choose (The Federal Reserve says “stability” not an option?)

Either we continually prime the pump, keep interest rates at extraordinarily low levels and do all sorts of other central bank magic, or we fall into depression? This is basically what the Minneapolis Federal Reserve president said recently.

Good thing we have the smart guys at the Fed running things. I don’t see how this sort of thinking could go wrong.

Click here for the article.

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