Elk County Forum

General Category => Politics => Topic started by: redcliffsw on December 27, 2014, 07:45:13 AM

Title: Janet Yellen's Christmas Gift to Wall Street
Post by: redcliffsw on December 27, 2014, 07:45:13 AM

What gets lost in all the reporting about stock market numbers, unemployment rate figures, and other economic data is the understanding that real wealth results from production of real goods, not from the creation of money out of thin air. The Fed can rig the numbers for a while by turning the monetary spigot on full blast, but the reality is that this is only papering over severe economic problems. Six years after the crisis of 2008, the economy still has not fully recovered, and in many respects is not much better than it was at the turn of the century.
-Ron Paul

http://thedailybell.com/editorials/35932/Ron-Paul-Janet-Yellens-Christmas-Gift-to-Wall-Street/