recovery: The Feds Need to Back Off

Amar Bhide’s in today’s WSJ on what the Fed can and can’t do to “speed recovery”:

.. beyond amelioration and providing the judicial (or in the case of the FDIC, quasi-judicial) procedures for reorganization, there is little more that the government can do to accelerate the unwinding and renewal necessary to put the economy back . . . → Read More: recovery: The Feds Need to Back Off

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My main thesis is that [the socialists] are mistaken in the methods for getting what they want to achieve. — F. A. Hayek

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